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You own a business that has generated five years of cash flows: $7,200 in year 1, $8,600 in year 2, $10,200 in year 3, $11,500 in year 4 and $15,000...

You own a business that has generated five years of cash flows: $7,200 in year 1, $8,600 in year 2, $10,200 in year 3, $11,500 in year 4 and $15,000 in year five. What is the present value of these cash flows, using a required return of 7%?

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Present value of these cash flows, = Cf1/(1+r) + CF2/(1+r)^2 + CF3/(1+r)^3 +... View the full answer

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