Take me to the text Harold Coop is considering investing in either ABC or ZYX....
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Take me to the text Harold Coop is considering investing in either ABC or ZYX. Both investments ABC and ZYX cost $11,000. In order to make the purchase, Harold Coop needs to obtain a loan from the bank at an interest rate of 4%. The bank is only willing to offer Harold Coop $11,000. The following table outlines the expected net cash flows from each investment. Year ABC ZYX 1 $800 $12,600 2 $1,900 $5,000 3 $3,700 $3,500 4 $7,800 $1,200 15 $8,700 $600 Total $22,900 $22,900 Based on the NPV method, which investment should Harold Coop purchase? Do not enter dollar signs or commas in the input boxes. Use the negative sign for a negative NPV. Use the PV tables in the appendix of the textbook. Round your answers to the nearest whole number. NPV of Investment ABC: $ NPV of Investment ZXY: $ Better Investment: ZYX Check
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