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Suppose you expect to receive the following cashflows: $12,000 today followed by $8,000 each year for the next 8 years (so the last cash flow

Suppose you expect to receive the following cashflows: $12,000 today followed by $8,000 each year for the next 8 years (so the last cash flow is at year 8). How much is this cashflow stream worth to you today if the appropriate discount rate is 9.3%? Round to the nearest dollar.

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