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Carol Thomas will pay out $11, 000 at the end of the year 2, $13,000 at the end of year 3, and receive $15,000 at

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Carol Thomas will pay out $11, 000 at the end of the year 2, $13,000 at the end of year 3, and receive $15,000 at the end of year 4. With an interest rate of 14 percent, what is the net value of the payments vs. receipts in today's dollars? Use Appendix B (Round "PV Factor" to 3 decimal places) $26,114 $17,234 $ 8,354 $11,568

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