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Herbilux Botanicals forecasts the following cash flows to occur at the BEGINNING of each year for a project. If the firm's discount rate is

 

Herbilux Botanicals forecasts the following cash flows to occur at the BEGINNING of each year for a project. If the firm's discount rate is 9%/year, what is the future value of the project in year 5? Year Cash flow 1 $ 697,000 2 3 $ 631,000 $ 574,000 4 $ 898,000 5 $9,981,000

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