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Determine the net present value of purchasing a new warehouse in Terre Haute for $500,000. The warehouse will be used for six years and generate

Determine the net present value of purchasing a new warehouse in Terre Haute for $500,000. The warehouse will be used for six years and generate an annual profit of $17,000. Currently, banks are offering a fixed 5% rate of return on deposits for the 10 years, but unfortunately inflation is 3% and will rise 10% each year.

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