Question: Please solve carefully. Everyone is giving different answers. John will invest $100,000 in buying the rights to a water well. In perpetuity, the water well
Please solve carefully. Everyone is giving different answers.

John will invest $100,000 in buying the rights to a water well. In perpetuity, the water well makes $20,000 in revenue each year, but it carries an annual cost of $5,000 on maintenance. Also, John must pay the rights of the water well this year, but the revenue and maintenance costs start next year. 9.1 1.0 point possible (graded, results hidden) If the discount rate is 10%, what is the net present value of the investment
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