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The expected profits of the Monroe Corporation in the next three years are shown in the table below. If the interest rate is 5%, the

The expected profits of the Monroe Corporation in the next three years are shown in the table below. If the interest rate is 5%, the present value of the Monroe Corporation's profit in the next three years will be $ 31.37 million. Number of Years in the Future Profit (Millions of Dollars) 1 {2 12 } {3 16 }What is the expected profit for next year (Year 1)?

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