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1. You just signed a consulting contract that will pay you $45,000, $61,000, and $92,000 annually at the end of the next three years, respectively.

1. You just signed a consulting contract that will pay you $45,000, $61,000, and $92,000 annually at the end of the next three years, respectively. What is the present value of these cash flows given a 10.5 percent discount rate? Show your work.

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