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Question 5 5 pts Clyde has the opportunity to purchase a large building for $650,295. He will need to spend additional $107,218 to renovate and

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Question 5 5 pts Clyde has the opportunity to purchase a large building for $650,295. He will need to spend additional $107,218 to renovate and convert to an upscale dinning establishment. He 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 Clyde's cost of capital is 9% (round to the nearest dollar). Year Cash-flows 1 157,688 4 2 166,677 3 3 186,871 4 201,497 5 110,039 6 487,481

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