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The present value of a stream of cash flows is $775.10. If the annual interest rate is 4% and the initial cash outflow is $2,000,
The present value of a stream of cash flows is $775.10. If the annual interest rate is 4% and the initial cash outflow is $2,000, the present value of the future cash flows must be: a $1,961.54. b $1,924.56. c $1,889.00. d $2,775.10
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