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eBook Problem 22-14 If the cost of capital is 9 percent and an investment costs $49,000, should you make this investment if the estimated cash
eBook Problem 22-14 If the cost of capital is 9 percent and an investment costs $49,000, should you make this investment if the estimated cash flows are $3,000 for years 1 through 3, $7,000 for years 4 through 6, and $24,000 for years 7 through 10? Use Appendix B and Appendix D to answer the questions. Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar. NPV: $ The investment -Select- be made.
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