An investment that costs $89,300 will return $38,200 per year for 3 years. Determine the net present
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Question:
An investment that costs $89,300 will return $38,200 per year for 3 years.
Determine the net present value of the investment if the required rate of return is 11 percent. (Ignore taxes.)(Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 0 decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Net Present Value $___________
Should the Investment be undertaken?
The investment __________ be undertaken.
A: should not
B: should
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