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1. Jones Camping Equipment is considering acquiring Outdoor Apparel, Inc. Management believes Outdoor Apparel, Inc. can generate cash flows of $453,000, $556,000, and $685,000 over the next three years, respectively. After that time, they feel the business will be worthless. Jones Camping Equipment has determined that a 13.66 percent rate of return is applicable to this potential acquisition. What should Jones be willing to pay today to acquire Outdoor Apparel, Inc