Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $4,160

at the end of each of the next 33 years. The opportunity requires an initial investment of $1,040

plus an additional investment at the end of the second year of $5,200.

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 %2.4%

per year? The NPV of this opportunity is

$nothing.

(Round to the nearest cent.)

Should Marian take it?

Marian

should

should not

take this opportunity.