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scenario result in a present value of -$1000? Problem 2 Rick's bakery invests in...

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Finance

imagescenario result in a present value of -$1000?

Problem 2 Rick's bakery invests in a delivery van that it believes will help it to expand its catering business significantly during the 4 years it plans to keep the van. The van will coast $50,000. Because of the anticipated growth in business, Rick estimates that the van will result in an additional $12,000 of profit generated in years 1 and 2 and an additional $14,000 of profit generated in years 3 and 4. At the end of year 4, the van will be sold for $15,000. (a) Using Excel, draw a cash flow diagram. (b) Using goal seek, at what minimum attractive rate of return interest rate) would then scenario result in a present value of $1000

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