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Your company is considering an investment in a new project. The project will gen...
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Your company is considering an investment in a new project. The project will generate $9,500 at the end of this year, $19,900 at the end of the following year, and $25,000 at the end of the year after that (three years from today). The interest rate is 5.5% per year. The present value of the project’s expected cash flow stream is closest to:
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