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Suppose that a property can generate cash flows of $20,000 per year for eight years and can sell for $160,000 at the end of the
Suppose that a property can generate cash flows of $20,000 per year for eight years and can sell for $160,000 at the end of the investment period. Assuming a discount rate of 10%, what is the present value of this property? (Assume end of period cash flows in your calculation.)
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