julia purchases a new piece of equipment for her business. the equipment was purchased for $65,000 and is expected to generate the following cash flows at the end of each year for the next seven years: $14,000 (year 1), $19,000 (year 2), $21,000 (year 3), $21,000 (year 4), $16,000 (year 5), $11,000 (year 6), and $9,000 (year 7). assume the equipment can be sold for $10,000 at the end of seven years and julia's required rate of return is 9%. what is the net present value of this investment? select one. question 4 options: a. $20,635.27 b. $21,828.55 c. $22,280.23 d. $23,957.29
