What is this stream of cash flows worth today

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Suppose that one year from now you receive $1000. At the end of the next nine years you receive a payment that is 4% larger than the prior year.

If the cost of capital is 12% what is this stream of cash flows worth today?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132014187

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