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Alan purchased a new business for $180,000 which is expected to generate the following cash flows for the next four years: Year 1: $35,000 Year

Alan purchased a new business for $180,000 which is expected to generate the following cash flows for the next four years: Year 1: $35,000 Year 2: $40,000 Year 3: $20,000 Year 4: $5,000 Assume the business can be sold for $100,000 at the end of year 4 and Alan's required rate of return is 8 percent. What is the net present value and should he purchase the business? Question 21 options: $(51,638.6363) $51,638.6363 $(61,348.7867) $61,348.7867

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