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Part $1$

You have an opportunity to invest $ $50$ comma $900$ now in return for $ $60$ comma $700$ in one year. If your cost of capital is $8\mathrm{.}5\%,$ what is the NPV of this$$ investment?

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Part $1$

The NPV will be $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$