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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 $170 per year for five consecutive years. Each store requires an immediate investment of $450 to set up operations. Assuming a required rate of return 9%, what is the NPV of each store?

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