In the following case, the mixed end-of-period cash flow stream has an annuity embedded within it. Calculate the present value of the cash flow stream, assuming a 11% discount rate.

What is the present value of this stream of cash flows?

Cash Flow $8,000 $3,000 $7,000 $7,000 $7,000 $7,000 $2,000 Year 2 3 4 5 6 7 Present Value ($)