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mind that CF0 is the initial outlay or cash flow at time 0 , and, because there is no cash flow at time 0,CF0=0.) b.
mind that CF0 is the initial outlay or cash flow at time 0 , and, because there is no cash flow at time 0,CF0=0.) b. What would happen to the present value of this stream of cash flows if the interest rate were zero percent? a. What is the present value of the investment if the interest rate is 13 percent? (Round to the nearest cent.)
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