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CII, Inc., invests $810,000 in a project expected to earn a 15% annual rate of return. The earnings will be reinvested in the project each
CII, Inc., invests $810,000 in a project expected to earn a 15% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 8 years later. What will the cash proceeds be when the project is liquidated? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "FV of a single amount" to 4 decimal places and final answer to the nearest whole dollar.) Present Value f(FV of a Single Amount) Future Value X
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