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The owner of commercial property that has a Fish-Fil-A on the property is expected to produce net operating cash flows annually, as follows, at the

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The owner of commercial property that has a Fish-Fil-A on the property is expected to produce net operating cash flows annually, as follows, at the end of each of the next five years: Year1=$48,000Year2=$56,000Year3=$66,000Year4=$69,000Year5=$75,000 In addition, at the end of the fifth year we will assume the property will (or at least could) be sold for $650,000. If the required rate of return on projects of similar risk is 14%, and you plan to invest $525,000 in the property: What is the net present value (NPV) of this investment project? A. $20,550 B. $25,954 C. $24,826 D. $22,140

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