Question: You are considering buy an asset that generates a initial cash flow of $ 5 0 0 0 in 7 year's time. The cash flow

You are considering buy an asset that generates a initial cash flow of $5000 in 7 year's time. The cash flow then grows at a rate of 6% p.a. compounded annually for 8 years. If similar investments are offering a return of 12% p.a. compounded monthly, how much should this asset cost today?
Group of answer choices
$16,497.47
$15,467.19
$13,497.29
$12,683.33
$31,662.88
$32,563.08

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