Question: A popcorn machine costs $800 and is expected to make $1500, $800 and $500 for each of the next 3 years before the machine is

A popcorn machine costs $800 and is expected to make $1500, $800 and $500 for each of the next 3 years before the machine is junked. The going interest rate is 3%. How much profit does this investment make in PV (i.e. t=0) dollars? In other words, what is the net present value of this investment?

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