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Harte Systems, Inc., a maker of electronic surveillance equipment, is considering selling the rights to market its home security system to a well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte RM30,000 and RM25,000 at the end of years 1 and 2 and to make annual year-end payments of RM15,000 in year 3 to year 9. The final payment to Harte of RM10,000 would be due at the end of year 10. If the required rate of return is 12%, what is the present value of this series of payments? The following table, shows a mixed cash flow stream, except that the cash flow for year 3 is missing. Winsuppose that somehow you know that the present value of the entire stream is RM32,911, and the Jarl discount rate is 4%. What is the amount of the missing cash flow in year 3? hp (3 markah/marks)