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Corporation C, expects future net positive cash flows from its patent, as follows: Year 1 =12,000 Year 2 = 14,000 Year 3 = 16,000 Year

Corporation C, expects future net positive cash flows from its patent, as follows:

Year 1 =12,000

Year 2 = 14,000

Year 3 = 16,000

Year 4 = 25,000

Year 5 = 100,000

Using a discount rate of 8%, what is the present value of these cash flows?

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