Expected to generate cash flows

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You have the opportunity to purchase an asset that is expected to generate cash flows for the next 49 years. The purchase price of the asset is $10,951,198. 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 15%? State your answer in dollars and cents.

Reference no: EM131047626

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