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You are offered an investment with returns of $ 2,176 in year 1, $ 3,754 in year 2, and $ 3,231 in year 3. The
You are offered an investment with returns of $ 2,176 in year 1, $ 3,754 in year 2, and $ 3,231 in year 3. The investment will cost you $ 5,215 today. If the appropriate Cost of Capital (quoted interest rate) is 11.3 %, what is the Net present Value of the investment?
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