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Jiminez Company has two investment opportunities. Both investments cost $5,600 and will provide the following net cash flows: Year Investment A Investment B 1 $3,300
Jiminez Company has two investment opportunities. Both investments cost $5,600 and will provide the following net cash flows: Year Investment A Investment B 1 $3,300 $3,300 2 3,300 4,3601 3 3,300 3,300 2,300 1,120 What is the total present value of Investment A's cash flows assuming an 9% minimum rate of return? (PV of $1 and PVA of 51) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) Multiple Choice $9,267 $3,300 $5.091
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