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The owner of a local cinema is considering a plan for renovating and improving the theater, which requires an immediate cash outlay of $ 1

The owner of a local cinema is considering a plan for renovating and improving the theater, which requires an immediate cash outlay of$110,000.It has been estimated that adopting such a plan would result in a net income stream generated at the rate ofg(t)=570,000dollars per year for the next 3 years. If the prevailing interest rate for the next 3 years is 10% per year, then the net income by the end of 3 years is given by110,000.Evaluate the net income. (Round your answer to the nearest dollar.)$

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