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You are trying to value the following investment opportunity: The investment will cost you $7,723 today. In exchange for your investment you will receive cash
You are trying to value the following investment opportunity: The investment will cost you $7,723 today. In exchange for your investment you will receive cash payments in perpetuity. The first payment will occur after one year and will be $536. Afterwards, cash payments will grow by 1.9% annually. The applicalbe interest rate for this investment opportunity is 5.9% (effective annual rate). Calculate the NPV of this investment opportunity Round to two decimals (do not include the S-sign in your answer)
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