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***PLEASE SHOW HOW YOU FOUND THE ANSWER*** You are considering an investment that will pay you the following cash flows over the next 4 years:

***PLEASE SHOW HOW YOU FOUND THE ANSWER***

You are considering an investment that will pay you the following cash flows over the next 4 years: YR1 = $3200; YR2 = $1600; YR3 = $1200; YR4 = $2500. If you require a return of 8%, what is the most you would pay today for that investment?

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