Investment opportunity

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Bob has a investment opportunity. In return for an initial investment of $29,000 today, he will receive the following cash flows. Year 1 $(7,600) Loss Year 2 $19,300 Gain Year 3 $22,000 Gain Bob’s interest rate is 6%. Is this a good investment? Show all work (answer will be judged based on the calculations).

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Reference no: EM131173900

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