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QUESTION

what is the present value of this stream of future cash flows if the discount rate is 11%?

what is the present value of this stream of future cash flows if the discount rate is 11%?

year 1: $14,000

year 2: $16,540

year 3: $19,889

Round to the nearest dollar.

A. $35,847

B. $54,140

C. $43,512

D. $40,580

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