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An investment promises the following cash flows at the end of years 1 through 6 , respectively: $ 3 , 0 0 0 ; $

An investment promises the following cash flows at the end of years 1 through 6, respectively: $3,000; $5,000; $7,000; $9,000; $11,000. What is the most that an investor would be willing to pay for this asset/investment if the required rate of return on it is 12%?

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