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Over Dinas stern objections, Ellie is evaluating an investment that will provide the following end-ofyear cash flows: Year Cash Flow 1 $15,100 2 $18,000 3

Over Dinas stern objections, Ellie is evaluating an investment that will provide the following end-ofyear cash flows: Year Cash Flow 1 $15,100 2 $18,000 3 $25,200 4 $15,000 5 $0 6 $27,000 7 $35,000 If Ellie believes that she should earn an annual rate of 8.9 percent on this investment, how much should Ellie pay for this investment

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