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You are looking at an investment that will pay you $22,892 in year 2, $41,878 in year 4 and $46,718 in year 6. If your
You are looking at an investment that will pay you $22,892 in year 2, $41,878 in year 4 and $46,718 in year 6. If your required return is 9.75%, what is the most you should pay for the investment? (In other words, how much is the project worth today?)
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