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3. Hinds cc purchased Holmes CC satellite office for $10 million (at MARR = 15%) in hopes of selling it 7 years from now. Hinds

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3. Hinds cc purchased Holmes CC satellite office for $10 million (at MARR = 15%) in hopes of selling it 7 years from now. Hinds CC estimate a net cash flow loss, with an arithmetic gradient of 6 million per year starting in year 4. If the estimated net loss is 6 million annually starting at the end of year 1, what should be Hinds CC minimum selling price in 7 years? (10pts)

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