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A real estate investment has the following expected cash flows: Cash Flows Year a $11,051.00 2 27,650.00 3 49,972.00 4 40,227.00 The discount rate is

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A real estate investment has the following expected cash flows: Cash Flows Year a $11,051.00 2 27,650.00 3 49,972.00 4 40,227.00 The discount rate is 9.00 percent per year. What is the investment's present value? Submit Answer format: Currency: Round to: 2 decimal places

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