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Black Company will receive $30,000 at the end of each year for the next 8 years. Black has an annual cost of capital equal to

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Black Company will receive $30,000 at the end of each year for the next 8 years. Black has an annual cost of capital equal to 10 percent per year. Calculate the present value of the cash receipts, using a spreadsheet or a financial calculator. What is the present value of these cash receipts? Show the details that you used to calculate the PV if you want full credit

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