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You have two assets and must calculate their values today based on their payment streams and required returns. Asset 1 has a required return of

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You have two assets and must calculate their values today based on their payment streams and required returns. Asset 1 has a required return of 9% and will produce a stream of $500 starting at year 1 and continuing indefinitely. Asset 2 has a required return of 8% and will produce an end-of-year cash flow of $1,200 in 1 year, $1,800 in 2 years, and $600 in 3 years. ACCED The value of Asset 1 today is $. (Round to the nearest cent.) The value of Asset 2 today is $. (Round to the nearest cent.)

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