You are expecting to receive the following payments: $7,000 in one year and $5,000 three years from today. What is the total present value of these cash flows if your discount rate is 8%? Round to the nearest dollar. Type your numeric answer and submit

You are expecting to receive the following payments: $7,000 in one year and $5,000 three years from today. What is the total present value of these cash flows if your discount rate is 8% ? Round to the nearest dollar. Type your numeric answer and submit