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An asset is projected to generate 7 annual cash flows of $6,000 starting 9 years from today and a final one-time cash flow of $7,000
An asset is projected to generate 7 annual cash flows of $6,000 starting 9 years from today and a final one-time cash flow of $7,000 in 25 years from today. If the appropriate discount rate is 7.6%, how much is this asset worth today? Round to the nearest dollar.
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