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You have been offered the opportunity to buy a business that has an expected after tax cash flow of $15,000 a year for 11 years.

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You have been offered the opportunity to buy a business that has an expected after tax cash flow of $15,000 a year for 11 years. If your required rate of return is 12% for similar risk businesses, about what is the most you would pay for this business? $73,281 $89,065 $97,385 $165,000

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