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Consider an asset with upfront cost of $21,526. The cost associated with it during the first year of operation is $6,513. The cost associated

Consider an asset with upfront cost of $21,526. The cost associated with it during the first year of operation is $6,513. The cost associated with it during the second year of operation is $11,675. What is the net present cost of this asset if the nominal discount rate is 6%?

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