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8. Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater

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8. Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater than the previous payment. Assume an effective annual discount rate of 14%. A) $97,331.82 B) $105,118.37 C) $116,118.37 D) None of the above

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