An investment will generate a cash flow each

year forever, with the first cash flow

coming one year from today and each

subsequent cash flow coming exactly a year

after the previous cash flow. Starting with the

cash flow that will come 2 years from

today, each cash flow will be 1.7% greater than

the previous cash flow. The discount

rate applicable to this investment is 4.55% per

year compounded annually. The value

of this investment is $433,684.21. What is the

amount of the first cash flow this

investment will generate? Round all

intermediate calculations to 6 decimal points

Your final answer should be within $5.00 of the

correct answer choice.

$12.360.00

$7.372.63

$19.732.63

$27.105.26