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A factory forecasts to produce the following cash flows: Year 1 - $6,516, Year 2 - $7,000, Year 3 - $11,400, Year 4 onward in

A factory forecasts to produce the following cash flows: Year 1 - $6,516, Year 2 - $7,000, Year 3 - $11,400, Year 4 onward in perpetuity - $12,000. If the cost of capital is 6%, what is the factory's present value?

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