An investment in a real estate venture will provide after


An investment in a real estate venture will provide after tax cash flows for the next 5 years as follows: year 1, $ 7,500; year 2 $10,000; year 3 $11,000; year 4, $13,500, and year 5, $415,000. An investor would like to earn an annual return of 13%. What is the most the investor should pay for this investment?

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Financial Management: An investment in a real estate venture will provide after
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