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Question 1 10 pts Bonnie has the opportunity to purchase a large Victorian home for $725,547. She will need to spend additional $135,208 to renovate

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Question 1 10 pts Bonnie has the opportunity to purchase a large Victorian home for $725,547. She will need to spend additional $135,208 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 9% (round to the nearest dollar). Year Cash-flows 89,348 1 2. 85,553 101,447 3 4 134,566 149.339 5 6 962,391

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