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Calculate the present value of a series of future cash flows for Berkshire Hathaway Inc. Use the following data: Annual Cash Flows: $50,000 Discount Rate:

Calculate the present value of a series of future cash flows for Berkshire Hathaway Inc.
Use the following data:
- Annual Cash Flows: $50,000
- Discount Rate: 7%
- Time Period: 6 years

Question:

Using the given data, calculate the present value of the series of future cash flows for Berkshire Hathaway Inc. Show your calculations and explain the importance of discounting future cash flows in investment decisions.

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