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You have been offered the chance to invest in a project with annual cash flows promised as follows: CF1 = $40,000 CF2 = $50,000 CF3

You have been offered the chance to invest in a project with annual cash flows promised as follows: CF1 = $40,000 CF2 = $50,000 CF3 = $55,000 CF4 = $60,000 If your required rate of return is 15%, what is the most you can afford to pay for this opportunity

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