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Suppose an investment that pays $34,000 per year for the foreseeable future . If the required return on this investment is 11 percent, how much

Suppose an investment that pays $34,000 per year for the foreseeable future. If the required return on this investment is 11 percent, how much are you willing to pay for the investment today? (Do not include the dollar sign ($), and round your answer to two decimal places. (e.g., 123456.45)

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