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Find the maximum price that you would be willing to pay today for the following stream of cash flows promised at the end of for
Find the maximum price that you would be willing to pay today for the following stream of cash flows promised at the end of for years 1 through 6, respectively-- $5,000; $8,000; $10,000; $10,000; $10,000; $10,000. Assume that your required rate of return on this investment is 10%.
A. $37,354.26
B. $31,709.52
C. $39,884.49
D. $38,588.67
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