Net present value of the investment

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You are offered an investment with returns of $ 2,997 in year 1, $4,058 in year 2, and $ 3,755 in year 3. The investment will cost you $ 7,890 today. If the appropriate Cost of Capital (quoted interest rate) is 9.8 %, what is the Net present Value of the investment? Enter your answer to the nearest $.01.

Reference no: EM133076674

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