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Siziphiwe wants to buy Clean Carwash around the corner. The following cash flows are involved:
Time (years)
|
Cash flows (R)
|
2
3
7
8
9
|
200 000
−500 000
700 000
850 000
−210 000
|
Siziphiwe can borrow money at 19% per annum while he can invest at 17,5% per annum. The future value of the cash inflows is