The management of FlyBeachKites Inc. expects the following end-of-year cash flows from a new product: Year 1: $15,000; Year 2: $25,000; Year 3: $28,000. If management wants to get a minimum of 10% per year rate of return out of this investment, what is the most the company should invest today (i.e., what is the PV)? SHOW ALL WORK USING THE CF REGISTER ON THE TI BAII Plus Calculator for FULL CREDIT.

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