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Assume you had an opportunity to invest in a project that on completion promises a cashflow of R10m per year. If you had not invested

Assume you had an opportunity to invest in a project that on completion promises a cashflow of R10m per year. If you had not invested in this project you could have invested in stocks on the JSE that have a similar risk and earn a return of 11% 1. What is the value of your investment if you assume that you will receive R10m per year forever?

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