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An investment costs $228,000 today and promises a series of $93,000 annual cash inflows in each of the next 7 years. The first cash inflow
An investment costs $228,000 today and promises a series of $93,000 annual cash inflows in each of the next 7 years. The first cash inflow occurs one year from today. What is the net present value of this investment if the discount rate is 11% ? Round your answer to the nearest penny. Be sure to enter a negative sign (-) if your answer is a negative number. Type your
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