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1. You have the option to investment in an asset that pays you $4,356, $3,216, $1,346, and $4,214 at the end of each respective year.

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1. You have the option to investment in an asset that pays you $4,356, $3,216, $1,346, and $4,214 at the end of each respective year. You could earn 7% in your next best alternative. How much should you pay for this investment

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