If the appropriate discount rate is 137 percent per year


You have been offered the opportunity to invest in a project that will pay $5,044 per year at the end of years one through three and $12,127 per year at the end of years four and five. If the appropriate discount rate is 13.7 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 137 percent per year
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