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Marian Plunket owns her own business and is considering an investment. If she undertakes theinvestment, it will pay $12,000 at the end of each of

Marian Plunket owns her own business and is considering an investment. If she undertakes theinvestment, it will pay $12,000 at the end of each of the next 3 years. The opportunity requires an initial investment of $3,000 plus an additional investment at the end of the second year of $15,000. What is the NPV of this opportunity if the interest rate is 9 % peryear? Should Marian takeit?

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