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Consider an asset which has no initial cost but for which there is an expenditure of $4,000 at the end of the first year. The

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Consider an asset which has no initial cost but for which there is an expenditure of $4,000 at the end of the first year. The net cost at the end of year 2 is $8,000. With an interest rate of 4%, what is the net present value of this cost stream at the beginning of period 1 (which is the same as the end of period 0)? Question 16 1 pts Consider an asset which has no initial cost but for which there is an expenditure of $21,000 at the end of the first year. The net cost at the end of year 2 is $33,075. With an interest rate of 5%, what is the net present value of this cost stream at the beginning of period 1 (which is the same as the end of period 0)

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