Ashley projects that she can get $170,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a rate of return of 10%, what is the maximum that she should pay for the investment? Use Appendix Table 2. (Round your answer to the nearest dollar.)
A. $644,434
B. $121,208
C. $575,826
D. $790,500
Answer: A
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