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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 incomeproducing property is expected to yield cash flows for the owner of $ 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 annually and the property can be sold for $ at the end of the fifth year, determine the value of the property today.
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