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Seved Help Save & Ex Problem 6-12 Project NPV Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate, It cost $36,000.

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Seved Help Save & Ex Problem 6-12 Project NPV Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate, It cost $36,000. The object is to save on horse transporter rentals Marsha had been renting a transporter every other week for $201 per day plus $1.05 per mile. Most of the trips are 80 or 100 miles in total, Marsha usually gives Joe Laminitis, the driver, a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $0.46 per mile. Insurance costs for Marsha's transporter are $1.250 per year. 9.57 The transporter will probably be worth $16,000 (in real terms) after eight years, when Marsha's horse Spike will be ready to retire. Assume a nominal discount rate of 10% and a 4% forecasted inflation rate, Marsha's transporter is a personal outlay, not a business or financial Investment, so taxes can be ignored. Calculate the NPV of the investment. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) NPV

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