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Crane Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $20,500 each year for the next five

Crane Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $20,500 each year for the next five years. If the company uses a discount rate of 19 percent on its investments, what is the present value of this investment?

Present value of investment $

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