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

$ 5 comma 320$5,320

at the end of each of the next

33

years. The opportunity requires an initial investment of

$ 1 comma 330$1,330

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

$ 6 comma 650$6,650.

What is the NPV of this opportunity if the interest rate is

1.6 %1.6%

per year? Should Marian take it?