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An annuity will pay $162,000 annual cash flows in each of 4 years, but the first cash flow doesn't occur until 3 years from now.

An annuity will pay $162,000 annual cash flows in each of 4 years, but the first cash flow doesn't occur until 3 years from now. If the discount rate is 6%, what is the present value of this annuity today? Enter your answer as a positive number and round to the nearest dollar

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