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Let's calculate the NPV of a new puppy using the following assumptions. Assume your new puppy lives for 12 wonderful years. Time 0: - You

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Let's calculate the NPV of a new puppy using the following assumptions. Assume your new puppy lives for 12 wonderful years. Time 0: - You buy one of the Lagotto Romagnolos discussed in the article. Cost \$3,500. - What would you name your new puppy? It can be either a girl or a boy, you pick. - Your new puppy also requires supplies when you bring them home (e.g., crate, collar, leash, bowl). Cost 5500. Time 1-12 (for simplicity, assume all cash flows occur at the end of each year): - In the first year only, you pay to have your puppy spayedeutered, attend training classes, and have to make some repairs due to your new puppy's damage (because that's what puppies do). Cost $500. - Each year you own the puppy, you must pay the following to keep your puppy healthy and happy: - Food: $300 - Treats: $100 - Veterinarian visits: $400 o Grooming visits: $300 - Boarding costs: 500 - Sadly, your puppy will not live forever. Assume that the last year is more costly than most. In addition to the above costs, add \$1,000 for end of life care (year 12 only). - The appropriate discount rate for this exercise is 5%. Draw a timeline of the cash flows associated with owning your puppy. Calculate the NPV of your new puppy based on the above assumptions. What is the NPV calculation missing

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