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1. ABC Electronics is considering an investment that will have cash flows of $16,000, $5,000 and $4,000 for years 1 through 3. What is the approximate value of this investment today if the appropriate discount rate is 9% per year?
a. $23,250b. $27,250c. $21,970d. None of the above
Which type of corporate information is available to investors?
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