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Sharon is using net present value (NPV) when evaluating investment opportunity. The investment has an initial outlay of $1,845. It has a single payoff at

Sharon is using net present value (NPV) when evaluating investment opportunity. The investment has an initial outlay of $1,845. It has a single payoff at the end of year 10 of $7,087. The discount rate is 13.38 percent? What is the additional value created by this investment? (You will calculate net present value (NPV) of the investment) Round the answer to two decimal places.

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