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3. Bev's Collectibles, a business that sells collectibles on eBay, has the following cash flows: $-900 Initial investment in a PC, digital camera and photo

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3. Bev's Collectibles, a business that sells collectibles on eBay, has the following cash flows: $-900 Initial investment in a PC, digital camera and photo software (cash outflow, so enter as a negative into CF0) At the end of year 1 At the end of year 2 $230 $630 $550 At the end of year 3 Assume that she could receive 6% annual interest, if she invested her money elsewhere. a. What is the present value of the cash flows? b. What is the future value of the cash flows? 2

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