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Scenario 3: The inflation rate is 1.5% per year. The real rate of return is 2.0% per year. A perpetuity project that paid $100 this

Scenario 3: The inflation rate is 1.5% per year. The real rate of return is 2.0% per year. A perpetuity project that paid $100 this year will provide income that grows by the inflation rate. What is the real (inflation adjusted) present value of this project? Enter your answer to the nearest dollar without the dollar sign. Example $6,428.93 enter as 6,429.

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