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Consider a project that returns the following income stream: - Year 1 : $ 1 5 , 0 0 0 - Year 2 : $

Consider a project that returns the following income stream: - Year 1: $15,000- Year 2: $45,000- Year 3: $75,000 At an annual interest rate of 4 percent, what is the present value (PV) of this income stream? Use the formula for present value of future cash flows and Show all your calculations and interpret the result.

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