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How much are expected cash flows worth for durran today

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Problem 1: Durran has recently acquired a rare art piece that he plans to put on display in his private collection. He estimates that revenues generated from donations and admissions tickets to see the new exhibit will be $19,000 per year for the next six years. If he requires a rate of return of 4%, how much are the expected cash flows worth for him today? Round to two decimal places.

Reference no: EM132976774

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