An investor is considering an offer to buy equity in a, Financial Management

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An investor is considering an offer to buy equity in a

An investor is considering an offer to buy equity in a start-up company. The investor will not receive in cash flows from the company until 12.00 years from today. At that time he will receive 9.00 consecutive annual payments of $59,326.00. The investor wants a 22.00% return on his investment. How much can he pay today for this opportunity to receive his return?

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