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Kimberly Young, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay

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Kimberly Young, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay her a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 11.00 percent annually, how much should Kimberly require the investor to pay for the cash flows? (Round answer to 2 decimal ploces, es. 15.25. Do not round factor values.)

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