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Problem:

You have been offered the opportunity to invest in a project that will pay $4,482 per year at the end of years one through three and $7,953 per year at the end of years four and five. If the appropriate discount rate is 6.94 percent per year, what is the present value of this cash flow pattern? Explain in detail and provide step by step solution.

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  • Category:- Basic Finance
  • Reference No.:- M91145921

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