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2 points Consider a series of $70,000 annual cash flows in each of the next 4 years. The first cash flow occurs today. If the

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2 points Consider a series of $70,000 annual cash flows in each of the next 4 years. The first cash flow occurs today. If the discount rate is 4%, what is the present value of this series of cash flows? Round your answer to the nearest penny. Type your

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