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Afers Industries uses the net presentase method to make investment decisions and requires a 15%...

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Accounting

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Afers Industries uses the net presentase method to make investment decisions and requires a 15% annual return on all investments. The company is considering two different investments. Each require an initial investment of $15,300 and will produce cash flows as follows: End of Tear 1 2 Investment $ 8,300 8,300 8,300 24,900 The present value foctors of teach year 15% are 1 2 3 0.9696 0.7561 0.6575 The present value of an annulty of $1 for 3 years at 15% 2.2832. The net present value frounded to the nearest whole dollar) of investment is

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