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1 21. A real estate investment has the following expected cash flows: Year Cash Flows $10,000 2 25,000 3 50,000 4 35,000 The initial cost
1 21. A real estate investment has the following expected cash flows: Year Cash Flows $10,000 2 25,000 3 50,000 4 35,000 The initial cost is $85,000. The discount rate is 8.25 percent. What is the investment's present value? a). $10,479 b). $13,479 c.) $16,479 d). $14,479 e. $15,479 4 English (United States)
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