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You are thinking of buying a craft emporium. It is expected to generate cash flows of $30,000 per year in years 1 through 3 ,

image text in transcribed You are thinking of buying a craft emporium. It is expected to generate cash flows of $30,000 per year in years 1 through 3 , and $40,000 per year in years 4 through 10 . If the appropriate discount rate is 8%, you should pay for the emporium no more than how much? $228,476 None of these $242,631 $235,288 $267,943

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