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You are offered an investment today by your broker. This investment offers the following stream of cash flows: Year Cash Flows 25,000 1 2 30,000
You are offered an investment today by your broker. This investment offers the following stream of cash flows: Year Cash Flows 25,000 1 2 30,000 18,000 3 4 28,000 20,000 5 Required: If you require a return of 8% for investments of this type of risk, how much should you pay for the investment today
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