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QUESTION 3 A project is expected to generate a payoff of $6,532 in 1 year. However, there is a 5% probability that the project will

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QUESTION 3 A project is expected to generate a payoff of $6,532 in 1 year. However, there is a 5% probability that the project will return $0 instead. If the risk-free rate on treasury securities is 2%, and the risk premium is 396, what is the is present value of this project's expected cash flows

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