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Find the present value of the following mixed stream of cash flows (as of Year 0) using a discount rate of 13%. Assume the cash
Find the present value of the following mixed stream of cash flows (as of Year 0) using a discount rate of 13%. Assume the cash flows are received at the end of each year.
Year Cash Flow Stream
1 6,000
2 8,000
3 4,000
Present Value ($) equals ____ (Round to the nearest cent.)
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