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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 10% discount rate.

$39,211

$49,432

$64,733

none of these

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