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Nu Things, Inc., is considering an investment in a business venture with the following anticipated cash flow results: EOY Cash Flow 0 -$95,000 1 $25,000

Nu Things, Inc., is considering an investment in a business venture with the following anticipated cash flow results:

EOY

Cash Flow

0 -$95,000
1 $25,000
2 $24,000
3 $23,000
4 $22,000
5 $21,000
6 $20,000
7 $19,000
8 $18,000
9 $17,000
10 $16,000
11 $15,000
12 $14,000
13 $13,000
14 $12,000
15 $11,000
16 $10,000
17 $9,000
18 $8,000
19 $7,000
20 $6,000

Assume MARR is 20% per year. Based on an external rate of return analysis:

Determine the investment's worth.

Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is 0.2.

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