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RAK Corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value

RAK Corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value of this 20-year cash flow? Use an 7% discount rate.

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