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A project that will cost $50,000 today, $100,000 in two years from today and $150,000 in five years from today will yield net returns of
A project that will cost $50,000 today, $100,000 in two years from today and $150,000 in five years from today will yield net returns of $5,000 monthly for 10 years. If the cost of money is 9% compounded annually, find the NPV of the project. (16.2)
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