Question: A firm is considering purchasing a project with expected cash flows of $42,800, $56,700, and $37,100 for the next three years, respectively. After that, the

A firm is considering purchasing a project with expected cash flows of $42,800, $56,700, and $37,100 for the next three years, respectively. After that, the project will be obsolete and thereforeworthless. If the firm requires a return of 18 percent, what amount should they offer as a purchase price? Multiple Choice $102,247.79 $87,141.41 $85,868.09 $99,572.45 $91,216.57

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