23. What is the time to value of the following cash flow stream if the risk free rate is 8% per year, compounded annually? Time End of year 1 End of year 2 End of year 3 End of year 4 End of year 5 End of year 6 End of year 7 End of year 8 End of year 9 End of year 10 End of year 11 End of year 12 End of year 13 End of year 14 End of year 15 End of year 16 End of year 17 End of year 18 End of year 19 End of year 20 End of year 21 End of year 22 Cash Flow $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 $4,000 $2,200 The time t=0 value of these cash flows is