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Question 22 Below is a table for the present value of $13 Year 6% 10% 12% 1 1943 .909 _893 2 .890 .8.26 .797 3

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Question 22 Below is a table for the present value of $13 Year 6% 10% 12% 1 1943 .909 _893 2 .890 .8.26 .797 3 .840 .751 .712 4 .792 .683 636 5 .747 621 567 Below is a table for the present value of an annuity of $1: Year 1 2 3 4 5 .943 1.833 2.673 3.465 4.212 10% .909 1.736 2.487 3.170 3.791 12% .893 1.690 2.402 3.037 3.605 Using the tables above, if an investment is made now for $22,000 that will generate a cash inflow of $8,000 per year for the next 4 years, what would be the net present value (rounded to the nearest dollar) of the investment fuse a discount rate of 10%)

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