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Six years ago, Neighborhood Hardware paid a contractor $ 6 7 , 0 0 0 to expand the store. At that time, the company calculated
Six years ago, Neighborhood Hardware paid a contractor $ to expand the store. At that time, the company calculated a net present value of about $ for the expansion. Now, the company believes that the investment increased annual cash inflows by $ per year for each of the six years. The company has a desired rate of return of Ignoring income tax considerations, what was the net present value actually achieved for this capital investment? PV of $ and PVA of $
Note: Use appropriate factors from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest dollar.
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