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you are thinking of buying a miniature golf course. It is expected to generate cash flows of $40,000 per year in years 1 through 4,

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you are thinking of buying a miniature golf course. It is expected to generate cash flows of $40,000 per year in years 1 through 4, and 50,000 per year in years 5 through 8. What is the present value of these cash flows with an interest rate of 4% annually

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