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An infinite sequence of cash flows is the following: year 1: 5; year 2: twice the amount of year 1's cash flow; ..., year n,
An infinite sequence of cash flows is the following: year 1: 5; year 2: twice the amount of year 1's cash flow; ..., year n, n times of year 1's cash flow, and so on. The required return is 6%. Find the PV. Answer (keep 3 decimal places).
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