Brown corp is thinking of investing 70000 to start a

Reference no: EM13592073

Brown Corp. is thinking of investing $70,000 to start a bookstore. Brown 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, Brown plans to sell the business for $110,000 cash. At a 12% discount rate, what is the net present value of the investment?

Reference no: EM13592073

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