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An investment of $1000 now will generate the following cash inflows: At the end of Year-2: $915 and Year-5: $816. If the market rate is
An investment of $1000 now will generate the following cash inflows:
At the end of Year-2: $915 and Year-5: $816.
If the market rate is 10.44%, what would be the present value of the above cash inflows?
(Do not use the negative sign in the final answer, which should be rounded to 2-decimal places)
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