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Would appreciate a breakdown and explanation of the following problem. Thank you!! A company is evaluating an investment which has an initial investment of $4,000.
Would appreciate a breakdown and explanation of the following problem. Thank you!!
A company is evaluating an investment which has an initial investment of $4,000. Annual net cash flows is expected to be $2,000 over the next three years. The company requires a 10% annual return. The present value of an annuity factor for 10% and 3 periods is 2.4869. The present value of $1 factor for 10% and 3 periods is 0.7513. The net present value is___________
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