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Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows: Year Investment A $3,200 3,200 3,200 3,200
Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows: Year Investment A $3,200 3,200 3,200 3,200 Investment $3,200 4,240 2,200 What is the net present value of Investment A's cash flows assuming an 10% minimum rate of return? Use Appendix Table 2 (Do not round Intermediate calculations. Round your answer to the nearest whole dollar.)
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