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The table contains the Sales estimates for the next year.
What is the cash outflow for December?
Month Sales$ Month Sales$
Jan 65,083 July 80,691
Feb 44,489 Aug 67,656
Mar 67,656 Sep 65,083
Apr 80,691 Oct 67,656
May 65,083 Nov 44,489
June 44,489 Dec 80,691
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
If the discount rate is 7% per annum (compounding monthly) for the first 12 months, and 14% per annum (compounding monthly) for the next 10 months
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