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2 points Consider a series of $17,000 annual cash flows in each of the next 7 years. The first cash flow occurs one year from

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2 points Consider a series of $17,000 annual cash flows in each of the next 7 years. The first cash flow occurs one year from today. If the discount rate is 8%, what is the present value of this series of cash flows? Round your answer to the nearest penny

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