Question: Apache Junction Company is evaluating a capital expenditure proposal that requires an initial investment of $ 9 , 4 6 0 , has predicted cash

Apache Junction Company is evaluating a capital expenditure proposal that requires an initial investment of $9,460, has predicted cash inflows of $2,000 per year for 12 years, and has no salvage value.
(a) Using a discount rate of 16 percent, determine the net present value of the investment proposal.

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