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You are offered an investment today by your broker. this investment offers the following stream of cash flows. : Yr1 = $15,500 Yr2 = $16,000

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

Yr1 = $15,500

Yr2 = $16,000

Yr3= $18,000

Yr4= $18,500

IF you require a return of 8% for investments of this type of risk, how much should you pay for the investment today? PLEASE SHOW WORK

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