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31 2 points An Investment promises a series of $53,000 annual cash flows in each of the next 4 years. The first cash flow occurs

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31 2 points An Investment promises a series of $53,000 annual cash flows in each of the next 4 years. The first cash flow occurs one year from today. What is the maximum amounta rational investor would pay for this investment if the appropriate discount rate is 790? In other words, what initial price would generate an NPV of zero Enter your answer as a positive number rounded to the nearest dollar Type your answer Previous Next

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