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The cash flow in dollars received in year 3 is expected to be $12,372. The firm uses a real discount rate of 4% and the
The cash flow in dollars received in year 3 is expected to be $12,372. The firm uses a real discount rate of 4% and the inflation rate is expected to be 2.5%. What is the real cash flow for year 3?
The answer is: $11,488.63 BUT how? I want step by step solution! I do not want excel
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