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Swanky Beverage Co . expects the following cash flows from its manufacturing plant in Palau over the next 5 years: Year Annual Cash Flows 1

Swanky Beverage Co. expects the following cash flows from its manufacturing plant in Palau over the next 5 years:
Year
Annual Cash Flows
1 $5,000,000
2 $3,500,000
3 $4,250,000
4 $4,800,000
5 $5,600,000
The CFO of the company believes that an appropriate annual interest rate on this investment is 4.5%. What is the present value of this uneven cash flow stream (rounded to the nearest whole dollar)?

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