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Design Now is opening a showcase office to display and sell its computer designed poster art. The firm expects cash flows to be $ 1
Design Now is opening a showcase office to display and sell its computer designed poster art. The firm expects cash flows to be $ in the first year, $ in the second year, $ in the third year. If Designs uses as its discount rate annually, what is the present value of the cash flows for the entire year period?
a $
b
c $
d $
e
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