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The initial cost of an investment is $ 7 0 , 0 0 0 and the discount rate ( cost of capital ) is 8

The initial cost of an investment is $70,000 and the discount rate (cost of capital) is 8%. The return is $15,000 per year
for 8 years.
Based on the given information, the net present value of the investment =$,(round your answer to the nearest
whole number.)
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