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URGENT An investment offers the following year-end cash flows: End of Year Cash Flow 1 $25,000 2 $31,000 3 $13,000 Using a 13 percent interest

URGENT

An investment offers the following year-end cash flows:

End of Year Cash Flow
1 $25,000
2 $31,000
3 $13,000

Using a 13 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity. Use Table II and Table IV to answer the question. Round your answer to the nearest dollar.

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