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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
You have the opportunity to purchase mineral rights to a property in North Dakota with expected annual cash flows of $10,000 per year for eight years. If you discount these cash flows at a rate of 12% per year, what are these cash flows worth today if the cash flows occur at the end of each period?
A) $49,676.40
B) $122,996.93
C) $80,000.00
D) $55,637.57
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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tokentame78tokentame78
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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