What is the present worth of the property

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A property is projected to generate cash flows of $10,000, $12,000, $15,000, and $17,000 at the end of year 1, 2, 3, and 4, respectively. The expected sale price for the property at the end of year 4 is $100,000. What is the present worth of the property assuming a required rate of return of 13%?

Reference no: EM132481335

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