Compute the present value of a capital expenditure using the present value of $1 table. (Obj. 4).

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Compute the present value of a capital expenditure using the "present value of $1" table. (Obj. 4). Clementine Corporation is considering making an investment that will provide a one-time return of

$44,000 three years later. If the company wants to earn 10 percent compound interest on its investment, how much should it invest today?

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