An investor is considering the following opportunity: He will put capital into a start$-$up company today. He will not receive any cash flows from the investment until end of the $5$th year. At that point, he will receive $12\mathrm{.}00$ years of $$16,000\mathrm{.}00$ per year. If his discount rate on this investment is $20\mathrm{.}00\%,$ what is the value of this opportunity today?

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Answer format: Currency: Round to: $2$ decimal places.

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