Thomas Green is using net present value (NPV) when evaluating investment opportunities. His required rate...
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Finance
Thomas Green is using net present value (NPV) when evaluating investment opportunities. His required rate of return is 10.86 percent. The investment will produce the same after-tax cash inflows of $689,068 per year at the end of the year for 12 years. What is the NPV of a investment opportunity if the initial cost is $1,574,716?
Round the answer to two decimal places.
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