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Harry seeks to invest in a new business. He anticipates the business will generate its first annual cashflow of $175,000 three years from today. Subsequent

Harry seeks to invest in a new business. He anticipates the business will generate its first annual cashflow of $175,000 three years from today. Subsequent annual cash flows will grow at 4.5% in perpetuity. What is the present value of the business cashflows if the discount rate is 10 percent per annum?(answer to the nearest dollar)

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