Sam weller is thinking of investing 97000 to start a

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Sam Weller is thinking of investing $97,000 to start a bookstore. Sam plans to withdraw $26,000 from the business at the end of each year for the next six years. At the end of the sixth year, Sam plans to sell the business for $121,000 cash. At a 11% discount rate, what is the net present value of the investment?

Reference no: EM13592904

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