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You are the head of Corporate Investments for Everspring, Corp, a real estate developer. You can invest $9,500,000 of your firm's money in some of

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You are the head of Corporate Investments for Everspring, Corp, a real estate developer. You can invest $9,500,000 of your firm's money in some of the real estate properties below or use all or a portion of the funds to pay down your existing corporate debt of $10,000,000, which carries an interest rate of 10%. Cash flows for each property are as shown below: Property C (2,000,000) Initial Investment Year 1 Year 2 Year 3 Year 4 Year 5 Property A (100,000) 30,000 40,000 50,000 60,000 70,000 Property B (500,000) (100,000) 200,000 200,000 200,000 200,000 Property D (6,500,000) 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 4,000,000 Cash flows (Years 1-5) occur at the end of the period. Assume the expected cash flows actually occur for each investment. If you invested in the correct projects, and used any excess proceeds when received to pay down the debt, how much (debt-free) cash will your company have at the end of Year 5? Numeric Response

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