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Consider an asset with upfront cost of $41,463. The cost associated with it during the first year of operation is $2,049. The cost associated with

Consider an asset with upfront cost of $41,463.

The cost associated with it during the first year of operation is $2,049.

The cost associated with it during the second year of operation is $14,627.

The cost associated with it during the third year of operation is $19,530.

What is the net present cost of this asset if the nominal discount rate is 10%?

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