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1. What is the total present value of the cash flows recewed over the five-year period? 2. Could you characterize this stream of cash

1. What is the total present value of the cash flows recewed over the five-year period? 2. Could you characterize this stream of cash flows as an annuity? Why or why not? 3 Use the Present Value of Annuity of $1 table (Appendix B, Table 8-2) to determin the present value of the same stream of cash flows. Compare your results to YOL answer to Requirement 1. 4. Explain your findings.

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