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Assume that the interest rate is 6.0% per year and you expect to receive the following stream of annual cash flows (The year 0 cash
Assume that the interest rate is 6.0% per year and you expect to receive the following stream of annual cash flows (The year 0 cash flow occurs today and the year 4 cash flow occurs exactly 4 years from today): (Year 0: $22,600); (Year 1: $28,600); (Year 2: $26,200); (Year 3: $23,000); (Year 4: $31,800); What is the current Present Value (PV0) of the stream of cash flows?
$110,754
$112,343
$119,747
$118,489
$117,399
$132,200
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