Find the present value of the following mixed stream of cash flows(as of Year0) using a discount rate of 8%. Assume the cash flows are received at the end of each year.

Year Cash Flow Stream

1 1,000

2 3,000

3 5,000

Year Cash Flow Stream

1 1,000

2 3,000

3 5,000

Present Value ($)=

(Round to the nearestcent.)