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Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 18% nominal rate and
Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 18% nominal rate and 12% expected inflation. NPV should be unchanged at +3,724, or $3,724,000. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.)
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