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What is the value of a loom that is expected to generate no cash flows for several years and then generate fixed annual cash flows
What is the value of a loom that is expected to generate no cash flows for several years and then generate fixed annual cash flows of $1,200 per year forever if the first annual $1,200 cash flow is expected in 3 years and the appropriate discount rate for the loom is 8.14 percent?
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