Business, 23.06.2021 04:20 edgytaehyung

You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $12,500; year 2, $10,000; year 3, $7,500; year 4, $5,000; year 5, $2,500; year 6, $0; and year 7, $12,500. Given its risk, you believe this investment should earn a 9% return. 4. What is the maximum that you can pay today for this investment

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