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18. A new start-up company promises to pay an investor each quarter for the next two years. The company will pay $22,700.00 per quarter for

18.

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A new start-up company promises to pay an investor each quarter for the next two years. The company will pay $22,700.00 per quarter for the first four quarters, and then $25,050.00 per quarter for the following four quarters. If the investor wants a 8. 12% APR return with quarterly compounding, what is the value of the investment opportunity today? Submit Answer format: Currency: Round to: 2 decimal places

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