Question: Northern Pole Ltd. is developing a special vehicle for Arctic Exploration. The development requires an investment of $60,000, $50,000, and $40,000 for the next 3

Northern Pole Ltd. is developing a special vehicle for Arctic Exploration. The development requires an investment of $60,000, $50,000, and $40,000 for the next 3 years, respectively. Net returns beginning in Year 4 are expected to be $33,000 per year for 12 years. If the company requires a rate of return of 14%, compute the net present value of the project and determine whether the company should undertake the project.

please solve it manually and not on spreadsheet

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