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What is the value of a apple orchard that is expected to generate no cash flows for several years and then generate fixed annual cash
What is the value of a apple orchard that is expected to generate no cash flows for several years and then generate fixed annual cash flows of 12,800 dollars forever if the first annual cash flow of 12,800 dollars is expected in 6 years and the appropriate discount rate for the apple orchard is 8.27 percent?
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