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Wildhorse Co. receives a $73,000, 4-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 10%.

Wildhorse Co. receives a $73,000, 4-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Wildhorse? (Round answer to 2 decimal places, e.g. 25.25.)

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