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Find the net present value (NPV) of the following cash flows when the discount rate is 8% pa: $9,000 immediately (t=0); $8,000 in 1 year

Find the net present value (NPV) of the following cash flows when the discount rate is 8% pa:

$9,000 immediately (t=0);

$8,000 in 1 year (t=1); and

$10,000 in 1.5 years (t=1.5).

The net present value of these payments is:

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