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A project is expected to produce cash flows of $ 4 0 , 0 0 0 , $ 4 6 , 0 0 0 ,

A project is expected to produce cash flows of $40,000, $46,000, and $68,000 over the next three years, respectively. After three years, the project will be discountinued. What is this project worth today at a discount rate of 8.5 percent?

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