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Present value of an annuity: Craymore Tech is expecting cash flows of $67,000 at the end of each year for the next five years. If

Present value of an annuity: Craymore Tech is expecting cash flows of $67,000 at the end of each year for the next five years. If the firm's discount rate is 17 percent, what is the present value of this annuity? (Round to the nearest dollar.)

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