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What is the present value of an investment with the following cash flows at the discount rate of 8%? Date 2/3/2005 12/3/2006 7/3/2007 9/3/2008 5/3/2009

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What is the present value of an investment with the following cash flows at the discount rate of 8%? Date 2/3/2005 12/3/2006 7/3/2007 9/3/2008 5/3/2009 10/3/2010 Cash flow ($10,000) $3,000 $950 $3,350 $2,060 $5,900 A 1. $3,157 B. $21,000 C. $2,234 D. $1,238

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