A pine plantation returns nothing to its owner in the first 3 years. In the following 2
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Question:
A pine plantation returns nothing to its owner in the first 3 years. In the following 2 years, the returns are $100,000 and $150,000, respectively. The returns can be invested at 8% per annum. Please fill in the below the correct answer, rounded to 2 decimal places.
The present value to the owner is -----------???
Please answer with formula.
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