Find the present value of the following mixed stream of cash flows (as of Year 0) using a discount rate of

12%.

Assume the cash flows are received at the end of each year.

Year	Cash Flow Stream
1	7,000
2	8,000
3	4,000

Year	Cash Flow Stream
1	7,000
2	8,000
3	4,000
Present Value ($)equals=	nothing