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1. What is the most you should pay to receive the following cash flows if you require a return of 12 percent? Year 1 $5,000
1. What is the most you should pay to receive the following cash flows if you require a return of 12 percent?
Year 1 $5,000
Year 2 $8,000
Year 3 $12,000
Year 4-10 $15,000
a. $58,580
b. $104,135
c. $68,105
d. none of the above
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