If the appropriate discount rate is 83 percent per year


You have been offered the opportunity to invest in a project that will pay $3, 215 per year at the end of years one through three and $12, 896 per year at the end of years four and five. If the appropriate discount rate is 8.3 percent per year, what is the present value of this cash flow pattern?

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Financial Management: If the appropriate discount rate is 83 percent per year
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