Question: Calculate the net present value with a required return of 5%, an initial investment of $45,000, and cash flows of $9,000; $8,000, $15,000, and $20,000

Calculate the net present value with a required return of 5%, an initial investment of $45,000, and cash flows of $9,000; $8,000, $15,000, and $20,000 for years 1 through 4 respectively.

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