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you are considering the purchase of an investment that would pay you $8000 per year for years 1-5, $4000 per year for years 6-8, and
you are considering the purchase of an investment that would pay you $8000 per year for years 1-5, $4000 per year for years 6-8, and $3000 per year for years 9 and 10. If you require a 15% rate of return, and the cash flows occur at the end of each year, then how much should you be willing to pay for this investment?
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