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Compute the present value of annual perpetual cash flow described as follows. Every odd year (i.e. years 1, 3, 5...) we have a fixed cash
Compute the present value of annual perpetual cash flow described as follows. Every odd year (i.e. years 1, 3, 5...) we have a fixed cash flow of $50, and every even year a fixed cash flow of $80 (years 2, 4, 6...). The annual interest rate is 7%.
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