finance-You have the rights to invest in a new oil field.
QUESTION
6. You have the rights to invest in a new oil field. The oil field will cost $55,000 to develop which you will need to pay in 5 years from today. The oil field will generate a cash flow of $65,000 coming 9 years from today. If the cost of capital is 12%, what are the oil field rights worth today? (please round your answer to the nearest dollar)
ANSWER:
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