Question: Income from a project is expected to decline at a constant rate from an initial value of $500,000 at time 0 to a final value

Income from a project is expected to decline at a constant rate from an initial value of $500,000 at time 0 to a final value of $40,000 at the end of year 3. If interest is compounded continuously at a nominal annual rate of 11%, determine the present value of this continuous cash flow.

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