You have started a neighborhood cat wash service. You expect towash 10 cats per month at a cost of $20 per cat. The soap and othersupplies will cost $2 per cat. It will cost you $150 to invest in awash tub and hose. Assuming that you invest the $150 today and thatyou operate the business for 3 years, what is the NPV of thisinvestment at a discount rate of 6% APR?
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