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Lily made an investment of $50,000. For each of the five years after the investment, Lily earns $8000, $10,000, $12,000, $16,000, $21,000.At which of the
Lily made an investment of $50,000. For each of the five years after the investment, Lily earns $8000, $10,000, $12,000, $16,000, $21,000.At which of the following discount rates of return will the NPV be close to zero?
A.3%
B.12%
C.9%
D.19%
please use excel to resolve the question and show the how to set up the fomular
Thank you
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