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A new project is expected to generate cash flows of $23704 per year for 8 years. Your firms required return on this type of project
A new project is expected to generate cash flows of $23704 per year for 8 years. Your firms required return on this type of project is 6%. What is the maximum amount this company should pay to invest in this project (i.e., what is the present value of the cash flows)? Assume cash flows occur evenly throughout each year (use the mid-year approximation). Please show finc calculator method and excel method.
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