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A farmer has developed projections of future cash flows from a new variety of grain. Yr 1=50,Yr2=60,Yr3=75,Yr4=80,Yr5= 90. He has a minimum required rate of
A farmer has developed projections of future cash flows from a new variety of grain. Yr 1=50,Yr2=60,Yr3=75,Yr4=80,Yr5= 90. He has a minimum required rate of return on his investments of 10 percent. How much should he be willing to pay for the investment opportunity? 290 262 240 315
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