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e. Brasilia Corp. has just sold a product line to a Brazilian company and will receive BRL 8,700,000 (Brazilian Real) each year for the next

e. Brasilia Corp. has just sold a product line to a Brazilian company and will receive BRL 8,700,000 (Brazilian Real) each year for the next 7 years. The first payment was made upon the signing of the purchase and sale contract. The company's annual rate of return is 12.3%. Calculate the current US Dollar value to the company of this sale. The exchange rate for the BRL is $0.1794/BRL

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