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QUESTION
The initial cost of an investment is $70,000 and the cost of capital is 12%. The return is $18,000 per year for 8 years. Based on the given...
the value im getting is 1,566,666
13. The initial cost of an investment is $70,000 and the cost of capital is 12%. The return is $18,000 per year for 8 years. Based on the given information, the net present value of the investment = 5 (round your answer to the nearest whole number.)