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QUESTION 19 If an investment costing $2,000 is expected to generate real cash flows of $900 pa. for three years, prices are expected to increase

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QUESTION 19 If an investment costing $2,000 is expected to generate real cash flows of $900 pa. for three years, prices are expected to increase at a rate of 5% pa, and the nominal cost of capital is 15%, what is the net present value of the investment? Answer to the nearest dollar. 0 $451 0 cannot be determined. 0 $238

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