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The Atlanta Food Bank, a not for profit, is considering buying an asset that they estimate will save them $216,000 in annual cash savings for

The Atlanta Food Bank, a not for profit, is considering buying an asset that they estimate will save them $216,000 in annual cash savings for the next 12 years. The Atlanta Food Bank has a hurdle rate (i.e., rate of return) of 12%. What is the maximum amount that Atlanta Food Bank should pay for the asset?

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