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Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated revenue producing life of4 years. Falkland has

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Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated revenue producing life of4 years. Falkland has a cost of capital of 12%. The patent is expected to generate the following amounts of annual income and cash flows: Year 1 VIII 2 VIII 3 Year 4 Net income $5,100 $6,500 $6,300 $3,000 Operating cash flows 1mm) 13,?00 13,150 14,350 (Click here to see present value and future value tables) A. What is the NW of the invatment? Round your present value factor to three declmal places and flnal answer to the nearest dollar. l: B. What happens if the required rate of return increases? If the required rate of return increases, V

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