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5-19. (Present value of an uneven stream of payments) You are given three investment alternatives to analyze. The cash flows from these three investments are

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5-19. (Present value of an uneven stream of payments) You are given three investment alternatives to analyze. The cash flows from these three investments are as follows: INVESTMENT 1=5+4=10 END OF YEAR $10,000 coonWN- $10,000 10,000 10,000 10,000 10,000 50,000 $10,000 10,000 10,000 10,000 10,000 10,000 10,000 Assuming a 20 percent discount rate, find the present value of each investment. 5.20 (Pracant malu) TL

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