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Price Mart is considering outsourcing its billing operations. A consultant estimates that outsourcing should result in after - tax cash savings of $ 7 ,

Price Mart is considering outsourcing its billing operations. A consultant estimates that outsourcing should result in after-tax cash savings of $7,000 the first year, $23,000 for the next two years, and $26,000 for the next two years. Assuming a 11% discount rate, calculate the total present value of the cash flows.

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