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A new transmission in your truck will cost $ 9 , 5 0 0 . Luckily, it should reduce maintenance expense by $ 3 ,

A new transmission in your truck will cost $9,500. Luckily, it should reduce maintenance expense by $3,150 each year for the next 10 years. What is the NPV of the transmission? Use a discount rate of 10.6%.

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