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you invest in a project that will pay you $500 per year for 5 years and then $750 per year for the following 10 years
you invest in a project that will pay you $500 per year for 5 years and then $750 per year for the following 10 years (payments are made at the end of the year). you require a 6% rate of return on this type of investment. given your required return, what is the maximum amount you would be willing to pay today for the cash flow stream associated with this project?
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