Question: What is the maximum amount you would pay for an asset that generates an income of $400,000 at the end of each of five years,

What is the maximum amount you would pay for an asset that generates an income of $400,000 at the end of each of five years, if the opportunity cost of using funds is 8 percent? Instructions: Do not round intermediate calculations. Round only your final calculation to the nearest penny (two decimal places).

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