Kenneth made an investment with the following cash flows: YEAR 1 $20,000 Cash in

Question

Kenneth made an investment with the following cash flows: YEAR 1 $20,000 Cash investment YEAR 2 $ 5,000 Cash return received YEAR 3 $ 8,000 Cash payment made YEAR 4 $20,000 Invested cash returned 8% Required Rate of return What was the net present value (NPV) of his investment? Note: Round your answer to the nearest whole dollar. Omit the comma and "$" sign in your response. Use "+" or "-" before the number to indicate if your final answer is positive or negative NPV. (i.e. +4599 -13667 +1500 -3220 etc.) Kenneth made an investment with the following cash flows: YEAR 1 $20,000 Cash investment YEAR 2 $ 5,000 Cash return received YEAR 3 $ 8,000 Cash payment made YEAR 4 $20,000 Invested cash returned 8% Required Rate of return What was the net present value (NPV) of his investment? Note: Round your answer to the nearest whole dollar. Omit the comma and "$" sign in your response. Use "+" or "-" before the number to indicate if your final answer is positive or negative NPV. (i.e. +4599 -13667 +1500 -3220 etc.)

Explanation / Answer

net present value (NPV) of his investment=7365

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