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Nunya Business, Inc. is applying for a small business loan based on some contracts that will generate the following cash flows: $2094 to be paid

Nunya Business, Inc. is applying for a small business loan based on some contracts that will generate the following cash flows: $2094 to be paid 2 years from today, $3355 to be paid 6 years from today, and $6350 to be paid 9 years from today. Assume the cash flows are guaranteed and that the SBA will lend a maximum of 80% of their present value; if the current discount rate is 5.0%, what is the maximum amount the bank will lend ?

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