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QUESTION 1 James has been promised a series of payments from an investment opportunity starting in one year's time. He will receive payments of 12,000

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QUESTION 1 James has been promised a series of payments from an investment opportunity starting in one year's time. He will receive payments of 12,000 per annum for a period of five years (five payments of 12,000). James has a required rate of return of 13%. How much is this investment opportunity worth to him today? 77,760 42,204 47,691 112,728

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