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Cecily owns her own business and is considering a new investment. If she undertakes the investment, it will pay $30,000 at the end of each

Cecily owns her own business and is considering a new investment. If she undertakes the investment, it will pay $30,000 at the end of each of the next 3 years (years 1, 2, and 3). The opportunity requires an initial (year 0) investment of $35,000 plus an additional investment at the end of the third year (year 3) of $18,000. What is the NPV of this opportunity if the cost of capital is 10% per year?

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$26,081.9

$37,000.0

$21,605.6

$27,311.3

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