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Take me to the text Harold Coop is considering investing in either ABC or ZYX. Both investments ABC and ZYX cost $17,000. In order to
Take me to the text Harold Coop is considering investing in either ABC or ZYX. Both investments ABC and ZYX cost $17,000. In order to make the purchase, Harold Coop needs to obtain a loan from the bank at an interest rate of 8%. The bank is only willing to offer Harold Coop $17,000. The following table outlines the expected net cash flows from each investment. Year ABC ZYX 1 $700 $9,400 2 $1,100 $5,700 3 $3,600 $4,000 4 $7,400 $1,300 5 $8,300 $700 Total $21,100 $21,100 Based on the NPV method, which investment should Harold Coop purchase? Do not enter dollar signs or commas in the input boxes. Use the negative sign for a negative NPV. Use the PV tables in the appendix of the textbook. Round your answers to the nearest whole number. NPV of Investment ABC: $ NPV of Investment ZXY: $ Better Investment: ZYX
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