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Homework: Chapter 8 Homework Save 3 of 14 (6 complete) HW Score: 42.86%, 6 of 14 pts Score: 0 of 1 pt P 8-7 (similar
Homework: Chapter 8 Homework Save 3 of 14 (6 complete) HW Score: 42.86%, 6 of 14 pts Score: 0 of 1 pt P 8-7 (similar to) Question Help Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $4,320 at the end of each of the next 3 years. The opportunity requires an initial investment of $1,080 plus an additional investment at the end of the second year of $5,400. What is the NPV of this opportunity if the interest rate is 2.4% per year? Should Marian take it? What is the NPV of this opportunity if the interest rate is 2.4% per year? The NPV of this opportunity is $. (Round to the nearest cent.)
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