A farmer sows a certain crop it costs 240000 to buy the, Finance Basics

A farmer sows a certain crop it costs 240000 to buy the

Question: A farmer sows a certain crop. It costs $240,000 to buy the seed, prepare the ground, and sow the crop. In one year's time it will cost $93,200 to harvest the crop. If the crop will be worth $350,000, and the interest rate is 7%, what is the net present value (NPV) of this investment?

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