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You have been offered the opportunity to invest in a project that will pay $2,526 per...

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Finance

You have been offered the opportunity to invest in a projectthat will pay $2,526 per year at the end of years one through threeand $10,052 per year at the end of years four and five. If theappropriate discount rate is 12.2 percent per year, what is thepresent value of this cash flow pattern?

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