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Business, 01.03.2021 19:50 tylorroundy

Seventeen Seconds, Inc. is considering a long-term investment. The investment will require an investment of $40,000. It will have a useful life of 2 years, and no salvage (i. e., ending) value. Annual cash savings from the investment are $24,000. Assume that cash flows other than the initial investment occur at the end of the year, and that the cost of capital (i. e., discount rate) is 10%. Calculate the net present value of the investment (rounded to the nearest dollar).

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