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Consider an eight-year investment costing $55,000. It is expected to pay $3,000 per year in each of the next five years and $15,000 per year

Consider an eight-year investment costing $55,000. It is expected to pay $3,000 per year in each of the next five years and $15,000 per year in the last three years. If the required discount rate is 12 percent, what is the net present value of this investment

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