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Think about an annuity that consists of $ 4 6 , 0 0 0 annual cash flows in each of 6 years. What is the

Think about an annuity that consists of $46,000 annual cash flows in each of 6 years. What is the present value if the first cash flow occurs 4 years from today and the discount rate is 6%? Round your answer to the nearest penny.

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