What is the present value of the following set of cash flows if the discount rate is $15\mathrm{.}6\%?($the cash flows occur at the end of each period$)($round answer to nearest penny and enter in the following format $12345\mathrm{.}67)$

Year $0$ cash flow $=-1100($a negative cash flow$)$

Year $1$ cash flow $=2500$

Year $2$ cash flow $=1400$

Year $3$ cash flow $=1200$

Year $4$ cash flow $=700$

Answer: