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Calculate the present values of the following two series of infinite cash flows. The interest rate is 12%. Which series has the higher value? 1

Calculate the present values of the following two series of infinite cash flows. The interest rate is 12%. Which series has the higher value? 1 or 2?

Year 0 1 2 3 4
CF1 30 0 33 36.3 39.93...
CF2 30 33 0 36.3 39.93...

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