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You expect to receive $ 1 0 , 0 0 0 at the end of year 1 , $ 5 , 0 0 0 at

  You expect to receive $10,000 at the end of year 1, $5,000 at the end of year 2 and $4,000 at the end of year 3. If your required rate of return is 8%, what is the uneven cash flow stream worth today? If you could earn 8%, what would it be worth at the end of year 3?

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