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A real estate investment has the following expected cash flows: Year Cash Flows 1 $10,000 2 25,000 3 50,000 4 40,000 The discount rate is

A real estate investment has the following expected cash flows:

Year Cash Flows

1 $10,000

2 25,000

3 50,000

4 40,000

The discount rate is 7 percent. What is the investment's present value?

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