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An initial investment of $70,000 is expected to yield $8,500 per annum in perpetuity. Calculate the NPV of the investment opportunity, if the cost of

An initial investment of $70,000 is expected to yield $8,500 per annum in perpetuity. Calculate the NPV of the investment opportunity, if the cost of capital is 11%. O a. $7,273 O b. $6.800 O c. $8,750 O d. $8,500

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