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Question 1 (10 points) You have just purchased an investment that generates the following cash flows for the next four years. What is the present

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Question 1 (10 points) You have just purchased an investment that generates the following cash flows for the next four years. What is the present value of this investment if 13.65% per year, compounded annually, is the appropriate discount rate? All the work has to be shown! Round the answer to two decimal places. End of year 1. $283 2. $394 3. $220 4. $363

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