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An investment is expected to pay the following annual cash flows: Year Amount - 0 $0 1 $500 2 $500 3 $900 4 $1,200 -

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An investment is expected to pay the following annual cash flows: Year Amount - 0 $0 1 $500 2 $500 3 $900 4 $1,200 - 5 $1,800 1 ON If an investor thinks that the appropriate interest rate is 9.25%, what is the net present value (NPV) of the cash flow stream to the nearest dollar

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