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Assume that the interest rate is 6.0% per year and you expect to receive the following stream of annual cash flows (The year 0 cash

Assume that the interest rate is 6.0% per year and you expect to receive the following stream of annual cash flows (The year 0 cash flow occurs today and the year 4 cash flow occurs exactly 4 years from today): (Year 0: $22,600); (Year 1: $28,600); (Year 2: $26,200); (Year 3: $23,000); (Year 4: $31,800); What is the current Present Value (PV0) of the stream of cash flows?

$110,754

$112,343

$119,747

$118,489

$117,399

$132,200

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