An orcharder spends $110,000 to plant pomegranate bushes. It will take four years for the...
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An orcharder spends $110,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 6 years after that he will receive a crop worth $35,500 per year. If the discount rate is 9%, what is the net present value (NPV) of this investment?
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