What is the present value of these cash returns

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The Delp Computer Company has developed a new line of desktop computers. It is estimated that cash return generated by the new product line will be $800,000 per year for the next five years, and then $500,000 per year for 3 years after that(the cash returns occur at the end of each year). At a 9% interest rate, what is the present value of these cash returns?

Reference no: EM13255517

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