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Consider the following timeline detailing a stream of cash flows: 1-$5000 2-$6000 3-$7000 4-$8000 If the current market rate of interest is 8%, then the

Consider the following timeline detailing a stream of cash flows:

1-$5000

2-$6000

3-$7000

4-$8000

If the current market rate of interest is 8%, then the present value of this stream of cash flows is closest to:

a. $21,211

b. $26,000

c. $24, 074

d. $22,871

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