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Mergenthaler Technologies plans to invest $4 million right now, and $750,000 a year at the end of each of the next two years, in a
Mergenthaler Technologies plans to invest $4 million right now, and $750,000 a year at the end of each of the next two years, in a top-secret project. At the end of the second year, Mergenthaler is expecting to sell the results of the project to Google with an annual rate of return on the project of 11%. What amount is Mergenthaler expecting to receive from Google for their project?
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