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White Companys required rate of return and discount rate is 11%. The company is considering an investment that would yield a cash inflow of $10,400

White Company’s required rate of return and discount rate is 11%. The company is considering an investment that would yield a cash inflow of $10,400 in six years. The maximum amount that the company should be willing to invest in this project is (Round your intermediate calculation to 3-decimals and final answer to the nearest dollar amount.)

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