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You have the opportunity to purchase an asset that is expected to generate cash flows for the next 19 years. The purchase price of the asset is $18,371,356. What annual annuity cash flow would you have to expect to receive over the life of the asset in order to justify the purchase if the appropriate discount rate is 12%? State your answer in dollars and cents. The dollar sign is not necessary.

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Financial Management, Finance

Category:- Financial Management
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