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Ambrin Corp. expects to receive $6,000 per year for 11 years and $7,500 per year for the next 11 years. What is the present value

Ambrin Corp. expects to receive $6,000 per year for 11 years and $7,500 per year for the next 11 years. What is the present value of this 22 year cash flow? Use an 8% discount rate. Use Appendix D. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.)

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