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What is the present value of investment

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Sandhill Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $23,000 each year for the next five years. If the company uses a discount rate of 17 percent on its investments, what is the present value of this investment? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132905017

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