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Using Financial Calculator Your firm has a business opportunity to expand into North Korea. The North Korean government contract will pay $33 million at the

Using Financial Calculator image text in transcribed
Your firm has a business opportunity to expand into North Korea. The North Korean government contract will pay $33 million at the end of the first year, $28 million at the end of the third year, and $45 million at the end of the 10th year. Being a highly risky proposition, you estimate that your firm would need to earn a 26% annual return on this project. What is the most your firm should invest in the venture? (show your timeline and all values used to compute the total)

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