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What is the value of a project that produces $3,000 in annual cash flows, paid at the BEGINNING of each period, for 10 years if

  1. What is the value of a project that produces $3,000 in annual cash flows, paid at the BEGINNING of each period, for 10 years if the discount rate is 10%?

a. $18,918 b. $20,810 c. $18,433.70 d. $20,277.00

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