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Furious Fred expects cash flows from an investment as follows: Yr 1 $3,000, Yr 2 $5,000, Yr 3 $8,000 Using an opportunity cost of capital

Furious Fred expects cash flows from an investment as follows:

Yr 1 $3,000,
Yr 2 $5,000,
Yr 3 $8,000

Using an opportunity cost of capital of 5.6%, the present value is:

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