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16. Suppose that your required rate of return is 12 percent. You are offered an investment into an asset that will yield $14.739 at the
16. Suppose that your required rate of return is 12 percent. You are offered an investment into an asset that will yield $14.739 at the end of the first year, $20,050 at the end of the second year, $10,460 at the end of the third year, and $12,300 at the end of the fourth year. What is the maximum price that you would be willing to pay for this asset? (7 points)
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