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OD Question 7 of 9 Scott purchased two trucks for his warehouse for a total of $56,000. This investment saved him $14,000 every year for
OD Question 7 of 9 Scott purchased two trucks for his warehouse for a total of $56,000. This investment saved him $14,000 every year for 9 years. At the end of year 9, he sells both the trucks for a total of $14,500. a. What is the Net Present Value (NPV) of the investment if the required rate of return is 6%? Round to the nearest cent b. Does the investment meet the required rate of return? O Yes No N >
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