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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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