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Joe has been offered a unique investment opportunity. If he invests $9,700 today, he will receive $1,100 in Year 1, $2,300 in Year 2, and
Joe has been offered a unique investment opportunity. If he invests $9,700 today, he will receive $1,100 in Year 1, $2,300 in Year 2, and $9,730 in Year 5. What is the NPV of the opportunity if the cost of capital is 11% per year?
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