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Question 18 Not yet answered Assume that a project earns $12min in the next year. These cash flows are expected to decrease with -1% per

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Question 18 Not yet answered Assume that a project earns $12min in the next year. These cash flows are expected to decrease with -1% per year in the following years. The project has an infinite life. Further assume that the discount rate is 9%. What is the present value of these cash flows? Please give your answer in two decimals. Marked out of 1.00 Flag

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