Sam Weller is thinking of investing $105,000 to start a bookstore. Sam plans to withdraw...
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Accounting
Sam Weller is thinking of investing $105,000 to start a bookstore. Sam plans to withdraw $29,000 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 $124,000 cash. At a 12% discount rate, what is the net present value of the investment?
$104,545
$105,000
$70,308
$69,853
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