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A farmer is considering investing in a drone system to monitor her 2500-acre crop during the season. She estimates that the drones will help her
A farmer is considering investing in a drone system to monitor her 2500-acre crop during the season. She estimates that the drones will help her improve the yields and thus increasing the per-acre returns by $1.70 per acre. The marginal tax rate is 22%. The farmer requires a 16% return on her investment. If the life of the investment is 6 years, what is the present value of the after-tax net return on the investment?
Group of answer choices
$89,376.53
$81,193
$104,094
$102,823
None of the answers are correct
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