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Northern Pole is developing a special vehicle for Arctic exploration. The development requires investments of $ 5 0 , 0 0 0 today, $ 8

Northern Pole is developing a special vehicle for Arctic
exploration. The development requires investments of $50,000
today, $80,000 in 2 years from today and $90,000 in 5 years from
today. Net returns for the project are expected to be $30,000 at the
end of year over the next 15 years. Also, there will be a special
onetime inflow of $100,000 in 15 years. If the company requires a
rate of return of 12% compounded annually_find the NPV of the
project. (Chapter 16.2 NPV)
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