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If an investment pays $500,000 in year 1, $1,750,000 in Years 2 through 6 and $3,000,000 in Year 7 and the minimum rate of return
If an investment pays $500,000 in year 1, $1,750,000 in Years 2 through 6 and $3,000,000 in Year 7 and the minimum rate of return that you will accept is 8%, what is the amount that you would be willing to invest in present dollars?
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