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You are considering investing in a project that will generate cash flows of R 5 , 0 0 0 , R 8 , 0 0

You are considering investing in a project that will generate cash flows of R5,000,
R8,000, and R12,000 at the end of the next three years, respectively. If the
required rate of return is 8%, what is the present value of these cash flows?(5)

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