An investment offers $5,856 per year for 17 years, with the first payment occurring 2 years from now. If the required return is 14 percent, what is the value of the investment? (HINT: Remember that when you calculate the PV of the annuity, the calculator gives you the present value of the annuity 1 period before the annuity starts. So if the annuity starts in year 7, that calculator will give you the present value of the annuity in year 6. Now you have to bring this number to period 0 by inputting: N=6 (1 period before the annuity starts, in your case it would be a different number depending on when your annuity starts) R=14 FV=Present value of annuity you found in step 1. And you solve for PV)