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Consider three agricultural investment alternatives. Each alternative requires an initial cash outlay of $150,000 and is evaluated over a 5 -year period. The investor's required

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Consider three agricultural investment alternatives. Each alternative requires an initial cash outlay of $150,000 and is evaluated over a 5 -year period. The investor's required rate of return is 9%. Projected cash flows of the three investments are as shown below: Calculate the approximate net present value for Investment C a 527,685 b. 523,998 c. ($1096) d $25,034

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