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A real estate investment has the following expected cash flows: Year Cash Flows 1 $ 9 ,000 2 10 ,000 3 25 ,000 4 27

A real estate investment has the following expected cash flows: Year Cash Flows 1 $ 9 ,000 2 10 ,000 3 25 ,000 4 27 ,000 The discount rate is 7 percent. What is the investments present value?

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