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Your friend has some extra money they want to invest. They require a return of 14.5% per year. They are considering an investment that is
Your friend has some extra money they want to invest. They require a return of 14.5% per year. They are considering an investment that is expected to pay the following cash flows. What is the most you would advise your friend to pay to invest given the following cash flow estimates? Answer as a positive number rounded to the dollar. Year 1=9,000 Year 2=13,000 Year 3=17,000 Year 4=21,000 Year 5=27,000
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