Question: Calculate the net present value (NPV) for a 20 -year project with an initial investment of $78,000 and a cash inflow of $6,700 per year.

 Calculate the net present value (NPV) for a 20 -year project

Calculate the net present value (NPV) for a 20 -year project with an initial investment of $78,000 and a cash inflow of $6,700 per year. Assume that the firm has an opportunity cost of 8.5%. Round to the nearest penny

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