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Assume that an investment provides the following cash inflows over a three-year period: Year 1 $ 3,000 Year 2 5,000 Year 3 7,000 Total $
Assume that an investment provides the following cash inflows over a three-year period: Year 1 $ 3,000 Year 2 5,000 Year 3 7,000 Total $ 15,000 Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 15%, what is the present value of these cash inflows?
a. $10,996
b. $10,596
c. $10,196
d. $9,296
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