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Rent-Your-Ride, Inc. is considering an investment in a new van that is expected to generate a cash inflow of $12,000 per year. The van's purchase
Rent-Your-Ride, Inc. is considering an investment in a new van that is expected to generate a cash inflow of $12,000 per year. The van's purchase price is $35,000: it is expected to have a useful life of five years and a $3,000 salvage value. Rent-Your-Ride has an average cost of capital of 12 percent. The net present value of the investment opportunity (rounded to the nearest dollar) is: Multiple Choice O Positive net present value of $19,072. Positive net present value of $9.960. Positive net present value of $28,000. Negative net prosent value of $26.489
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