problem: You have been offered the following investment: You will put up $60,000 now and additional $40,000 at the end of years 2, 3 and 4. Beginning at the end of year 5, you will receive 40,000 dollar at the end of the each of the following eight years [end of year 5 is the 1st payment]. The prevailing interest rate is 6%. Determine the net present value of this investment?