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You are making an investment of $117,031 and require a rate of return of 12 percent. You expect to receive $42,574 in the first year,
You are making an investment of $117,031 and require a rate of return of 12 percent. You expect to receive $42,574 in the first year, $46,931 in the second year, and $51,069 in the third year. There will be a cash outflow of $9,778 in the fourth year to close out the investment. What is the net present value of this investment?
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