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An investment promises to pay you $8,500 per year starting in 5 years. The cash flow from the investment is expected to increase by 1%

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An investment promises to pay you $8,500 per year starting in 5 years. The cash flow from the investment is expected to increase by 1% per year forever. It alternative investments of similar risk earn a retum of 12% per year, determine the maximum you would be willing to pay for this investment today Enter your response below (rounded to 2 decimal places). Number Submit Assament Sun Pont

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