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A financial instrument just paid the investor $326 last year. The cash flow is expected to last forever and increase at a rate of 2.3

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A financial instrument just paid the investor $326 last year. The cash flow is expected to last forever and increase at a rate of 2.3 percent annually. If you use a 7.9 percent discount rate for investments like this, what should be the price you are willing to pay for this financial instrument? (Round to the nearest dollar.)

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