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You have been offered the opportunity to invest in a project that will pay $4,824 per year at the end of years one through three
You have been offered the opportunity to invest in a project that will pay $4,824 per year at the end of years one through three and $14,707 per year at the end of years four and five. If the appropriate discount rate is 11.4 percent per year, what is the present value of this cash flow pattern?
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