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Ashley projects that she can get $120,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a

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Ashley projects that she can get $120,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a rate of return of 12%, what is the maximum that she should pay for the investment? Use Appendix Table 2. (Round your answer to the nearest dollar.) Multiple Choice $81,670 O $397,455 $432,573 O $552,000

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