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3 years ago you were bequeathed an asset that had an initial payout of $ 5 , 0 0 0 . This asset will also

3 years ago you were bequeathed an asset that had an initial payout of $5,000. This asset will also generate payouts of $1,100 next year, $1,460 four years from now, and $725 nine years from now. What is the present value of this asset assuming a constant interest rate of 7.5%?(hint: 4 separate cash flows, round to 2 decimals)

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