PV of a Growing Annuity An investment offers the following cash flows: $1000 in one year, followed by 9 more annual payments (years 2-10) that grow at a rate of 9% per year. If your opportunity cost is 12% per year, the PV today of this stream of cash flows is $_ Margin of error for correct responses: +/- $.05. Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your final* response to 2 decimal places (Example: if your answer is $12.34567, you should enter 12.35.)