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An orcharder spends $95,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every
An orcharder spends $95,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $11,000 per year. If the discount rate is 9%, what is the net present value (NPV) of this investment? A. $23,864 B. $4,773 C. $11,932 D. $7,159
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