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Find the present value of the following mixed stream of cash flows using a discount rate of 8%. Assume the cash flows are received at

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

Cash Flow Stream

Year 1 1000

Year 2 4000

Year 3 3000

Present Value ______(round to the nearest cent)

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