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You have incorporated a business by incurring cost of Rs 5 million. The business has now been able to provide a monthly income of Rs

You have incorporated a business by incurring cost of Rs 5 million. The business has now been able to provide a monthly income of Rs 100,000/- which is sufficient for you to run your kitchen expenses. A friend approached you to ask if you were interested to sell the business. At present the Interest rate is 7% per anum.

You are now considering to quote a price at which you will be willing to sell it. Please quote the minimum price at which the business could be sold.

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