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What is the present value of asset

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1) An asset is expected to generate the following cash flow over the next four years: at the end of year one = $5000; at the end of year two = $6500; at the end of year three = $8000; at the end of year four = $10,000. What is the present value of this asset if the rate of return is 7.0%?

Reference no: EM131473230

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