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Ambrin Corp. expects to receive $1,800 at the end of each year for 10 years. Then the corporation expects to receive $3,600 per year for

Ambrin Corp. expects to receive $1,800 at the end of each year for 10 years. Then the corporation expects to receive $3,600 per year for the following 10 years, at the end of each year. What is the approximate present value of this 20-year cash flow? Use an 7% discount rate.

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