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Ambrin Corp. expects to receive $10,000 per year for 15 years and $11,500 per year for the next 15 years. What is the present value
Ambrin Corp. expects to receive $10,000 per year for 15 years and $11,500 per year for the next 15 years. What is the present value of this 30 year cash flow? Use an 12% discount rate. Use Appendix D and Appendix B to calculate the answer. (Round your intermediate calculations to the nearest dollar value.)
Multiple Choice
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$92,661
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none of these
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$146,437
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$82,444
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