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westion 3 5 points Save Answer You are trying to value the following investment opportunity: The investment will cost you $5,842 today. In exchange for
westion 3 5 points Save Answer You are trying to value the following investment opportunity: The investment will cost you $5,842 today. In exchange for your investment you will receive cash payments for 7 years. The first payment will occur after one year and will be $1,624. Afterwards, cash payments will grow by 1.1% annually. The last payment is at the end of year 7. The applicable interest rate for this investment opportunity is 9.6% (effective annual rate). Calculate the NPV of this investment opportunity. Round to two decimals (do not include the $-sign in your answer)
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