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Please calculate the Net Present Value (NPV) for the installation of a domestic aquaponics system. The lifetime of the system is 5 years, where it
Please calculate the Net Present Value (NPV) for the installation of a domestic aquaponics system. The lifetime of the system is 5 years, where it will then be sold for 50% of the total initial costs, inclusive of fish. Consider interest rate of 5%. Aquaponics System Construction material cost $55 Installation Cost $200 Initial Purchase of Fish $20 Annual Water Costs $15 Year Cost $22 2 $13 Annual Cost for seeds and fish food 3 $45 $20 5 5 $5 Year Benefit $70 N $100 Annual Benefits from plants and fish 3 $110 4 $140 5 $150 Please write the equation used for calculating the NPV. Please write your answer for NPV. Please answer to two decimal places
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