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Ambrin Corp. expects to receive $4,000 per year for 12 years and $5,500 per year for the next 12 years. What is the present value

Ambrin Corp. expects to receive $4,000 per year for 12 years and $5,500 per year for the next 12 years. What is the present value of this 24 year cash flow? Use an 8% discount rate

A none of these

B $46,599

C $57,903

D $71,592

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