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The following table indicates the net cash flows of a capital asset: Year Net Cash Flow 0 $-6,700 1 $5,900 2 $6,400 Do not enter
The following table indicates the net cash flows of a capital asset: Year Net Cash Flow 0 $-6,700 1 $5,900 2 $6,400 Do not enter dollar signs or commas in the input boxes. Use the negative sign where appropriate. Round the factor to 4 decimal places and the NPV to the nearest whole number. Assume the required rate of return is 11%. Determine the net present value of this asset. Year Net Cash Flow Factor Net Present Value 0 $-6,700 Answer 1 $Answer -6700 1 $5,900 Answer 0.9009 $Answer 5315 2 $6,400 Answer $Answer Total $Answer
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