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Ronald has an investment opportunity that promises to pay him $54,000 in five years. He could earn a 8% annual return investing his money elsewhere.

Ronald has an investment opportunity that promises to pay him $54,000 in five years. He could earn a 8% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (EV of $1. PV of $1, EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value

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