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You are offered an investment today by your broker. this investment offers the following stream of cash flows. : Yr1 = $12,000 Yr2 = $20,000

You are offered an investment today by your broker. this investment offers the following stream of cash flows. :

Yr1 = $12,000

Yr2 = $20,000

Yr3= $10.000.

Yr4= $16,000

IF you require a return of 10% for investments of this type of risk, how much should you pay for the investment today?

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