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Sam weller is thinking of investing 90000 to start a

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Sam Weller is thinking of investing $90,000 to start a bookstore. Sam plans to withdraw $23,000 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 $118,000 cash. At a 12% discount rate, what is the net present value of the investment?

Reference no: EM13572945

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