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Suppose that an income - producing property is expected to yield cash flows for the owner of $ 1 6 , 0 0 0 in

Suppose that an income-producing property is expected to yield cash flows for the owner of $16,000 in each of the next five years, with cash flows being received at the end of each period. If the opportunity cost of investment is 18% annually and the property can be sold for $150,000 at the end of the fifth year, determine the value of the property today.
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