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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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