What is the present value of twenty-two year cash flow

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Problem 1: Ambrin Corp. expects to receive $9,000 per year for 11 years and $10,500 per year for the next 11 years. What is the present value of this 22 year cash flow? Use an 7% discount rate. Use Appendix D and Appendix B to calculate the answer. (Round your intermediate calculations to the nearest dollar value.)

Reference no: EM132910661

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