For the next 15 years, you will recieving a yearly check in the mail, with...
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For the next 15 years, you will recieving a yearly check in the mail, with the first check one year from today. There is a 42% chance that this check will be for $1,321, otherwise it will be for $620. If the appropriate discount rate for this project is10.1%, what is the present value of these cash flows? Show all calculations.
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