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Q7 Morgan purchased two trucks for her warehouse for a total of $69,000. This investment saved her $13,500 every year for 9 years. At the
Q7 
Morgan purchased two trucks for her warehouse for a total of $69,000. This investment saved her $13,500 every year for 9 years. At the end of year 9 , she sells both the trucks for a total of $8,500. a. What is the Net Present Value (NPV) of the investment if the required rate of return is 8\%? Round to the nearest cent b. Does the investment meet the required rate of return? Yes No Step by Step Solution
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
