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Question 1 10 pts Bonnie has the opportunity to purchase a large Victorian home for $626,199. She will need to spend additional $141,871 to renovate

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Question 1 10 pts Bonnie has the opportunity to purchase a large Victorian home for $626,199. She will need to spend additional $141,871 to renovate and convert to a bed and breakfast. She estimates the following after tax cashflows. Year 6 cashflow includes the terminal value of the venture. What is the net present value of the venture if Bonnie's cost of capital is 10% (round to the nearest dollar). Year Cash-flows 1 2 84,830 88,618 99,466 3 4 126,335 5 140,980 1,023,236 Question 2 10 pts

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