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Denvers desired rate of return is 10 what is the maximum

Question - Denver Company has an opportunity to invest in a depreciable asset that will yield a net cash inflow of $40,000 per year for 3 years. Denver's desired rate of return is 10%. What is the maximum investment Denver would be willing to pay? Round answers to the nearest whole dollar.

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Accounting Basics: Denvers desired rate of return is 10 what is the maximum

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