Ashley projects that she can get $100,000 cash per year for 5 years on a real estate

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Ashley projects that she can get $100,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a rate of return of 12%, what is the maximum that she should pay for the investment? (Rounded to the nearest dollar)
A. $56,743
B. $560,000
C. $446,429
D. $360,478
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Fundamentals of Advanced Accounting

ISBN: 978-0077667061

5th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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