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You are trying to value the following investment opportunity: The investment will cost you $6452 today. In exchange for your investment you will receive cash
You are trying to value the following investment opportunity: The investment will cost you $6452 today. In exchange for your investment you will receive cash payments in perpetuity. The first payment will occur after one year and will be $576. Afterwards, cash payments will grow by 1.7% annually. The applicalbe interest rate for this investment opportunity is 7.5% (effective annual rate). Calculate the NPV of this investment opportunity. Round to two decimals (do not include the $-sign in your answer).
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