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Beth Dutton is considering the purchase of a ranch for $ 8 0 million today. She expects the ranch will have no cash flows (

Beth Dutton is considering the purchase of a ranch for $80 million today. She expects the ranch will have no cash flows (positive or negative) for the next few years. However, at the end of year 13, she expects to sell the ranch for $180 million.
Ms Dutton considers the required rate of return of the project to be 6%

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