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An investment project offers $4,350 per year forever, with the first payment occurring one year from now. If the interest rate is 6%, what

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An investment project offers $4,350 per year forever, with the first payment occurring one year from now. If the interest rate is 6%, what would you pay to participate in this project? Hint: this is a perpetuity problem (key word "forever"). Use the perpetuity formula PV = CF/r Refer to pages 58 and 59 of the CH08b class notes if needed.

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