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You are to receive cash flows of $10,000,000 in 4 years time and $11,000,000 in 8 years time. Your discount rate is 9% per year.

You are to receive cash flows of $10,000,000 in 4 years time and $11,000,000 in 8 years time. Your discount rate is 9% per year. What is the present value of the cash flows? (Marking Scheme: 4 Marks for Calculations and 1 marks for Correct answer = Total 5 Marks)

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