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An investor decided to invest $300,000 in a factory in 2005. He got a return of $75,000 in 2006 and $50,000 in 2007. He sold

An investor decided to invest $300,000 in a factory in 2005. He got a return of $75,000 in 2006 and $50,000 in 2007. He sold the factory in 2008 for $220,000. His net present value (NPV) at 4% rate of discount in 2005 is

a. $13,922

b. - $7,786

c. 233,944

d. $313,922

Hint: Roundup decimals in NPV

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