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You have been offered the opportunity to invest in a project which that is expected to provide you with the following cash flows: $4000 in
You have been offered the opportunity to invest in a project which that is expected to provide you with the following cash flows: $4000 in one year, $12000 in two years, and $8000 in three years. If the appropriate interest rates are 6 percent for the first year, 8 percent for the second year, and 12 percent for the third year, what is the present value of these cash flows?
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