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Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 6% return from its investments.
Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 6% return from its investments.
Investment A1 | |||
Initial investment | $ | (360,000 | ) |
Expected net cash flows in year: | |||
1 | 150,000 | ||
2 | 146,000 | ||
3 | 101,000 | ||
Compute this investments net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places.)
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