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Six years ago, Neighborhood Hardware paid a contractor $67,000 to expand the store. At that time, the company calculated a net present value of about

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Six years ago, Neighborhood Hardware paid a contractor $67,000 to expand the store. At that time, the company calculated a net present value of about $8,200 for the expansion. Now, the company believes that the investment increased annual cash inflows by $10,200 per year for each of the six years. The company has a desired rate of return of 10%. Ignoring income tax considerations, what was the net present value actually achieved for this capital investment? (PV of \$1 and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. 'Round your answer to the nearest dollar. Multiple Choice $(22,576) $(4,100) $44,424 $(13,726)

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