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Question - Assume your required internal rate of return is 11%. What is the maximum you are willing to pay for a property that is expected to produce the following net cash flows at end of each year?
Year
Cash flow
1
$30,000
2
3
$50,000
a. 87,935.27
b. 90,234.45
c. 23,051.50
d. 95,045.15
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