If the required return on this investment is 12 percent how


The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $12,000 per year forever. If the required return on this investment is 12 percent, how much are you willing to pay for the policy? (Do not include the dollar sign ($), and round your answer to two decimal places. (e.g., 123456.45).

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Financial Management: If the required return on this investment is 12 percent how
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