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

$4,480

at the end of each of the next

3

years. The opportunity requires an initial investment of

$1,120

plus an additional investment at the end of the second year of

$5,600.

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%

per year? The NPV of this opportunity is

$enter your response here.

(Round to the nearest cent.)

Should Marian take it?

Marian

should not

should

take this opportunity.(Select from the drop-down menu.)