Problem:
An orcharder spends $100,000 to planet pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $9,500 epr year.
Required:
Question: If the discount rate is 9%, what is the net present value of this investment?
Note: Can someone please give me a step by step solution?