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An investment will pay $1,215 two years from now, $4,707 four years from now, and $3,027 five years from now. If the opportunity rate is

An investment will pay $1,215 two years from now, $4,707 four years from now, and $3,027 five years from now. If the opportunity rate is 11.26 percent per year, what is the present value of this investment?

Round the answer to two decimal places.

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