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Question You are considering a new business opportunity. There is an initial cost of $85,000, but then the project will yield the following revenues over
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You are considering a new business opportunity. There is an initial cost of $85,000, but then the project will yield the following revenues over the next five years:
Year | Cash Flow |
---|---|
1 | $14,000 |
2 | $38,000 |
3 | $38,000 |
4 | $57,000 |
5 | $40,000 |
If you face a discount rate of 14, what is the NPV of this project?
NPV = $
Don't round steps, answer 2 decimals
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