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You are making an initial investment of $132,239 and require a rate of return of 10 percent. You expect to receive $38,876 in the first
You are making an initial investment of $132,239 and require a rate of return of 10 percent. You expect to receive $38,876 in the first year, $46,742 in the second year, and $50,788 in the third year. The project will be closed out at the end of the third year. What is the net present value of this investment?
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