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You are considering the investment of $18,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: -
You are considering the investment of $18,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: - At the end of year 1: $4,000 - At the end of year 2:$9,000 - At the end of year 3: $4,000 - At the end of year 4: $7,000 What is the NPV (Net Present Value) of this project, if you require a 14% rate of return? (Answer to the nearest \$0.01)
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