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You are considering an investment that costs $60,000 today and is expected to return $80,000 in three years. Treasuries offer a 7% APR over three

You are considering an investment that costs $60,000 today and is expected to return $80,000 in three years. Treasuries offer a 7% APR over three years and tax-exempt municipal bonds offer a 3% APR over the same period. Your marginal capital gains tax rate is 20%. What is the NPV of the project/investment?

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