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The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next six years: Annual Cash Flows Year

The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next six years:
Annual Cash Flows
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
$400,000 $20,000 $180,000 $300,000 $350,000 $725,000
The CFO of the company believes that an appropriate annual interest rate on this investment is 9%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar?
$1,975,000
$600,000
$1,775,000
$1,395,097
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