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Below is a table for the present value Year 6% 10% 12% 1 1943 .909 893 2 .890 826 -797 3 840 751 712 4

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Below is a table for the present value Year 6% 10% 12% 1 1943 .909 893 2 .890 826 -797 3 840 751 712 4 .792 683 .636 5 .747 .621 567 Below is a table for the present value of an annuity of $1: Year 1 2 3 4 5 6% .943 1.833 2.673 3.465 4.212 10% .909 1.736 2,487 3.170 3.791 12% .893 1.690 2.402 3.037 3.605 Using the tables above, if an investment is made now for $22.000 that will generate a cash inflow of $8.000 per year for the next 4 years, what would be the net present value (rounded to the nearest dollar) of the investment we a discount rate of 1095) $22.000

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