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Assume that the discount rate is 12 percent and you are given the following stream of cash flows: Year Cash Flow 1 10,000 2 15,000

Assume that the discount rate is 12 percent and you are given the following stream of cash flows: Year Cash Flow 1 10,000 2 15,000 3 15,000 4 15,000 5 2,200 If payments are made at the end of each period, what is the present value of the cash flow stream? Select one: a. $42,344 b. $46,909 c. $61,434 d. $34,434 e. $66,234

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