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Posted on May 19, 2024

The present value (PV) of an investment with the following year-end cash flows (CF) and an 8% required annual rate of return is closest to:

The present value (PV) of an investment with the following year-end cash flows (CF) and an 8% required annual rate of return isclosestto:

Year - Cash Flow ($)

1 -200,000

3 300,000

7 600,000

A$403,059

B$592,181 (CorrectAnswer)

C$388,244

Can someone please explain step by step how to get to this answer?

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