Question: Consider an asset which has no initial cost but for which there is an expenditure of $4,000 at the end of the first year. The

 Consider an asset which has no initial cost but for which

Consider an asset which has no initial cost but for which there is an expenditure of $4,000 at the end of the first year. The net cost at the end of year 2 is $8,000. With an interest rate of 4%, what is the net present value of this cost stream at the beginning of period 1 (which is the same as the end of period 0)? Question 16 1 pts Consider an asset which has no initial cost but for which there is an expenditure of $21,000 at the end of the first year. The net cost at the end of year 2 is $33,075. With an interest rate of 5%, what is the net present value of this cost stream at the beginning of period 1 (which is the same as the end of period 0)

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