What is the net present value of investment

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An orcharder spends $150,000 to plant pomegranate bushes. It will take five years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $11,000 per year. If the discount rate is 7%, what is the net present value (NPV) of this investment?

Reference no: EM132504065

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