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XMT Corp. expects to receive AED 8 million per year for 8 years and AED 12 million per year for the next 10 years. What

XMT Corp. expects to receive AED 8 million per year for 8 years and AED 12 million per year for the next 10 years. What is the present value of this 18 year cash flow? Use a 5% discount rate.

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