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Nick has been offered a unique investment opportunity. If Nick invests $8,000 today, Nick will receive $450 one year from now, $1,220 two years from

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Nick has been offered a unique investment opportunity. If Nick invests $8,000 today, Nick will receive $450 one year from now, $1,220 two years from now, and $12,000 ten years from now. (a) If the cost of capital is 7.5% per year, the NPV is $ (Round your answer to the nearest cent) Nick should take this opportunity. (Select from the drop-down menu.) False (b) If the cost of capital is 3.6% per year, the NPV is (Round your answer to the nearest cent) Nick should not take this opportunity. (Select from the drop-down menu.) True

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