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You are looking at an investment in a business. This investment should return $50,000 the first year, $40,000 the next year, $30,000 the third year,
You are looking at an investment in a business. This investment should return $50,000 the first year, $40,000 the next year, $30,000 the third year, and $20,000 the final year. If your required return is 12%, what is the amount you should pay for this business?
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