How much is marco race track worth

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Marco owns a race track that has a cost of capital of 4.78 percent. The race track is expected to produce annual cash flows of 66,518 dollars for 10 years. The first annual cash flow of 66,518 dollars is expected later today. In addition to the annual cash flows of 66,518 dollars, the race track is also expected to produce a special, one-time cash flow of 59,697 dollars in 6 years from today. How much is Marco’s race track worth?

Reference no: EM131965776

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