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Suppose you purchase a new asset with $1,000. The asset is expected to generate the following cash flows over the next 5 years: Year 0
Suppose you purchase a new asset with $1,000. The asset is expected to generate the following cash flows over the next 5 years: Year 0 1 2 3 4 5 Cash flow -1,000 100 275 350 450 375 If your required rate of return is 15%, find the present value (PV) of this investment.
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