Problem 03.007- Present worth calculations Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large I beams. PCP expects to bend 55.0 beams at $2,000 per beam in each of the first 3 years, after which it expects to bend 100 beams per year at $3,000 per beam through year 11.00. If the company's minimum attractive rate of return is 13.00% per year, what is the present worth of the expected revenue? (Round the final answer to three decimal places.)