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Smith Corporation is considering an investment that will cost $10,000 now and will produce cash inflows of $5,000 in year one, $5,000 in year two,
Smith Corporation is considering an investment that will cost $10,000 now and will produce cash inflows of $5,000 in year one, $5,000 in year two, and $2,000 in year three. Assuming a discount rate of 8%, what is the net present value of this investment?
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