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A Large Conglomerate Estimates That a New Plant Will Yield 5000250t5000 - 250 t

Question 148

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A large conglomerate estimates that a new plant will yield an annual rate of return of 5000250t5000 - 250 t thousand dollars. If the interest rate is 9%, what is the present value of the income generated in the first three years of the plant's operation?
Enter just an integer (no units) representing the amount to the nearest dollar.

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