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Assume that you have an asset that requires an Initial investment of $26,700. At the end of the first three years, It has cash inflows
Assume that you have an asset that requires an Initial investment of $26,700. At the end of the first three years, It has cash inflows of $7,000. This Is followed by a cash outflow of $8,000 at the end of the fourth year for maintenance. Finally, there are cash inflows of $7,500 at the end of years 5 through 8. Assuming a cost of capital of 8 percent, what is the net present value of this asset? $29,832 $3,718 $1 4,678 $41 378
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