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You are given an investment to analyze
You are given an investment to analyze. The cash flows from this investment are
End of year
1. $9,730
2. $2,040
3. $2,960
4. $27,860
5. $1,880
What is the present value of this investment if 15 percent per year is the appropriate discount rate?
Round the answer to two decimal places.
Expert Solution
Hence, the present value = $28,813.39
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