Your company will generate 60000 in annual revenue each, Financial Management

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Your company will generate 60000 in annual revenue each

Your company will generate $60,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 8.50 percent, what is the present value of the savings? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Present value $

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