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Question 3 (10 points) Listen Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period.

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Question 3 (10 points) Listen Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The company will borrow $1.5 million now to finance the project. How much will the company have to receive in annual payments for 4 years, provided it will also receive a final lump sum payment after 4 years in the amount of $500,000? The MARR is 10% per year on its investment.

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