Question: Lucy is planning to buy a small complex the complex will cost 1000000 and it will generate 450000 in profits over the next three years.

Lucy is planning to buy a small complex the complex will cost 1000000 and it will generate 450000 in profits over the next three years. the complex will also need 50000 in renovations during year 4. her required rate of return is 15% what is the npv on her investment and should she purchase the apartment. yes or no

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