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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 $ It has been estimated that adopting such a plan would result in a net income stream generated at the rate of
gt
dollars per year for the next years. If the prevailing interest rate for the next years is per year, then the net income by the end of years is given by
et dt
Evaluate the net income. Round your answer to the nearest dollar.
$
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