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5-7: Present value of a mixed stream: A company's investment in a project has expected cash flows (CF) at the end of each year as
5-7: Present value of a mixed stream: A company's investment in a project has expected cash flows (CF) at the end of each year as shown in the following table: Year 1: CF = $10,000 Year 2: CF = $15,000 Year 3: CF = $25,000 Year 4: CF = $30,000 Assume the required annual return on the investment is 8% minimum. Calculate the maximum amount the company should pay for the investment
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