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A real estate investment has the following expected cash flows: Year Cash Flows 1 Rs.12,000 2 24,000 3 48,000 4 32,000 The discount rate is

  1. A real estate investment has the following expected cash flows:

Year Cash Flows

1 Rs.12,000

2 24,000

3 48,000

4 32,000

The discount rate is 9.5 percent. What is the investments present value

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