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You are given an investment to analyze. The cash flows from this investment are End of year 1. $3,860 2. $2,570 3. $16,960 4. $18,790

You are given an investment to analyze. The cash flows from this investment are

End of year 1. $3,860 2. $2,570 3. $16,960 4. $18,790 5. $3,940

What is the present value of this investment if 15 percent per year is the appropriate discount rate? Thank you.

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