What is the present value of $941 per year for 5 years if the required return is 16 percent. (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 2 decimal places, e.g. 1.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.12 or parentheses e.g. (45.12).)

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Present value

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