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35. (Ignore income taxes in this problem.) Sam Weller is thinking of investing $70,000 to...

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Accounting

35. (Ignore income taxes in this problem.) Sam Weller is thinking of investing $70,000 to start a bookstore. Sam plans to withdraw $15,000 from the business at the end of each year for the next five years. At the end of the fifth year, Sam plans to sell the business for $110,000 cash. At a 12% discount rate, what is the net present value of the investment? A. $54,075 B. $62,370 C. $46,445 D. $70,000

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