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What is the present value of the following cash flows if I can earn 5% per year: T CF 0 -5 million 1 2 million
What is the present value of the following cash flows if I can earn 5% per year:
T CF
0 -5 million
1 2 million
2 2 million
3 2 million
4 2 million
5 0
6 0
7 -3 million
8 -3 million
9 0
10 10 million
11 8 million
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