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The ABC Block Company anticipates receiving $50,000 per year from its investments (with no change) over the next 12 years, with the first payment occuring
The ABC Block Company anticipates receiving $50,000 per year from its investments (with no change) over the next 12 years, with the first payment occuring exactly one year from now. If ABC's interest-free MARR is 9% and the general inflation rate is 3%, what is the net present value of these 12 cash flows?
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