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(Solved): In how many years from today is the I Scream Ice Cream Company plant in Florida expected to be sold ...



In how many years from today is the I Scream Ice Cream Company plant in Florida expected to be sold if it is worth $1000000, has a cost of capital of 8.23 percent, and is expected to produce no cash flows other than the cash produced when it is sold for an expected cash flow of $1400000?(Round the value to 100th decimal)

Answer: 4.25



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