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Please show steps in how to solve in EXCEL with formulas to setup correctly. You are offered an investment with returns of $ 2,474 in
Please show steps in how to solve in EXCEL with formulas to setup correctly.
You are offered an investment with returns of $ 2,474 in year 1, $ 3,696 in year 2, and $ 4,511 in year 3. The investment will cost you $ 7,913 today. If the appropriate Cost of Capital (quoted interest rate) is 9.6 %, what is the Net Present Value of the investment? Enter your answer to the nearest $.01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the - sign. Your Answer: _____
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