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Frey Company, a shoe manufacturing factory, has the opportunity to receive the following mixed cash flow income over the next 5 years: Year 1: $3,000
Frey Company, a shoe manufacturing factory, has the opportunity to receive the following mixed cash flow income over the next 5 years:
Year 1: $3,000
Year 2: $5,000
Year 3: $4,000
Year 4: $3,000
Year 5: $2,000
If the company must earn at least 9% on its investments, what is the maximum amount it should pay for that opportunity?
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
