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An investment costs $212,000 today and promises a series of $88,000 annual cash inflows in each of the next 10 years. The first cash inflow
An investment costs $212,000 today and promises a series of $88,000 annual cash inflows in each of the next 10 years. The first cash inflow occurs one year from today. What is the net present value of this investment if the discount rate is 12%? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number.
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