Question: Sharon is using net present value (NPV) when evaluating investment opportunity. The investment has an initial outlay of $2,514. It has a single payoff at

Sharon is using net present value (NPV) when evaluating investment opportunity. The investment has an initial outlay of $2,514. It has a single payoff at the end of year 5 of $7,801. The discount rate is 9.91 percent? What is the additional value created by this investment? (You will calculate net present value (NPV) of the investment)

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