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View Policies Current Attempt in Progress Sunland Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $

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Sunland Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $21,000 each year for the next five years. If the company uses a discount rate of 12 percent on its investments, what is the present value of this investment? (Round factor values to 4 decimal places, e.g.1.2514 and final answer to 2 decimal places, e.g.15.25.)
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