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You are considering a project with projected annual cash flows of $32,000, $33,000, and $70,000 at the end of year 1, 2, and 3 respectively.

You are considering a project with projected annual cash flows of $32,000, $33,000, and $70,000 at the end of year 1, 2, and 3 respectively. What is the present value of these cash flows at a discount rate of 9.5 percent?

  1. $110,063

  2. $121,731

  3. $184,132

  4. $179,145

  5. $107,000

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