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Vencap Enterprises is evaluating an investment opportunity that will require contributions of $30,400 in Year 1 and $10,400 in Year 2. Returns of $24,000, $62,000,
Vencap Enterprises is evaluating an investment opportunity that will require contributions of $30,400 in Year 1 and $10,400 in Year 2. Returns of $24,000, $62,000, and $42,000 are expected in the three following years. a. What price should Vencap offer for the investment opportunity if it requires a 9.4% return on investment? (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Price $
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