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Your firm has taken on cost saving measures that will provide a benefit of $19,000 in the first year. These cost savings will decrease each

Your firm has taken on cost saving measures that will provide a benefit of $19,000 in the first year.
These cost savings will decrease each year at a rate of 8.7 percent forever. If the appropriate interest rate is 7.9 percent, what is the present value
of these savings?

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