Mrs.Biggs invested in a business that will generate the following cash flows over a three-year period.Use Appendix A.
If Mrs.Biggs' marginal tax rate over the three year period is 30% and she uses a 6% discount rate,compute the NPV of the transaction.
A) $61,453
B) $52,771
C) $47,781
D) None of the above.
Correct Answer:
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