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ou are given an investment to analyze. The cash flows from this investment are End of year 1 . $ 1 6 , 3 1

ou are given an investment to analyze. The cash flows from this investment are
End of year
1. $16,310
2. $2,300
3. $27,800
4. $23,040
5. $1,590
What is the present value of this investment if 15 percent per year is the appropriate discount rate?
Round the answer to two decimal places.

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