How much the company should spend today

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The management of Stymied, Inc. is expecting the following end-of-year annual cash flows from a three-year project it is contemplating: $113,000, $132,000, $141,000. If their opportunity cost is 11.5 percent, calculate how much the company should spend today on this opportunity. (Round to the nearest dollar.)

Reference no: EM131779484

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