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{"ops":[{"attributes":{"italic":true},"insert":"An investment with an initial outlay of R500 000 generates five successive annual cash inflows of R75 000,\u00a0R190 000, R40 000, R150 000 and R180 000 respectively. The cost of capital K is 10% per annum."},{"insert":"\nThe net present value (NPV) is approximately\n"}]}
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