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Your company is looking at building a hydroelectric dam. The dam will provide income of $ 3 , 5 0 0 , 0 0 0

Your company is looking at building a hydroelectric dam. The dam will provide income of $3,500,000 per month indefinitely which you should take to mean 'forever.' Since you have to build the dam before seeing any revenue, the first payment will be in exactly 12 years. How much would they be willing to pay today if they want to earn j12=7.2% on their money?

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