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QUESTION 11 A company is considering the purchase of a new production line that it has estimated will generate the following annual cash flow s:

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QUESTION 11 A company is considering the purchase of a new production line that it has estimated will generate the following annual cash flow s: $7,099,134 per year for 6 years, followed by $6,788,539 per year for 2 years, followed by $9,807,745 per year for 10.72 years. All cash flows will be received at the end of the year. If the company quired rate of return is 11.1%, what is the maximum price at which the company will purchase this new line? State your answer to the nearest whole dollar

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