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The Ogden Corporation makes an investment of $25,000, which yields the following cash flows: Year Cash Flow 1................. $ 5,000 2................. 5,000 3................. 8,000 4.................

The Ogden Corporation makes an investment of $25,000, which yields the following cash flows:

Year Cash Flow

1................. $ 5,000

2................. 5,000

3................. 8,000

4................. 9,000

5................. 10,000

What is the present value with a 9 percent discount rate (cost of capital)?

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