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A project with the required rate of return of 8% provides annual cash flows of $8,700 during the years 1 - 3, nothing during the
A project with the required rate of return of 8% provides annual cash flows of $8,700 during the years 1 - 3, nothing during the years 4 - 5 and $5,550 during the years 6-7. What is the present value of this project?
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