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A cookie company wants to expand its retail operations. Based on a preliminary study, 10 stores are feasible in various parts of the country. The
A cookie company wants to expand its retail operations. Based on a preliminary study, 10 stores are feasible in various parts of the country. The cash flow at each store is expected to be $160 per year for five consecutive years. Each store requires an immediate investment of $600 to set up operations. Assuming a required rate of return 7%, what is the NPV of each store? Place your answer in dollars and cents, without any comma or dollar sign. Work your analysis out using at least four decimal places of accuracy. CHECK
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