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You are bringing LaserTag to Lowell as a competitive sport. The discount rate is currently 9% and you are projecting the following costs, profits &

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You are bringing LaserTag to Lowell as a competitive sport. The discount rate is currently 9% and you are projecting the following costs, profits & losses: In year 0 (now): Purchasing, equipment, supplies, a facility, and other startup costs will cost you $80,000. In year 1 you are fairly certain you will turn a profit of $47,000. In year 2, your marketing efforts should pay off and you will turn a profit of $25,000. In years 3 and 4 you should show a profit of $17,000 per year. State the present value of the expected profit (input number regularly) or loss (input number as a -xxx.xx) from the business in dollars and cents (do not use commas of the $ symbol)

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