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Edmundo Services is considering an investment of $25,000. Data related to the investment are as follows: Year Cash Flow 1 $ 10,000 2 11,000 3

Edmundo Services is considering an investment of $25,000. Data related to the investment are as follows:

Year Cash Flow
1 $ 10,000
2 11,000
3 8,000
4 15,000
5 15,000

Cost of capital is 14 percent. What is the net present value of the investment, assuming no taxes are paid?

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