Managerial Accounting: E9-8 An investment that costs $60,000 will return

Managerial Accounting
EXERCISE 9-8. Calculate Net Present Value
An investment that costs $60,000 will return $25,000 per year for five years. Determine the net present value of the investment if the required rate of return is 14 percent. (Ignore taxes.)
Should the investment be undertaken?
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