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You are given an investment to analyze. The cash flows from this investment are End of year 1. $9,720 2. $1,970 3. $9,450 4. $15,680

You are given an investment to analyze. The cash flows from this investment are End of year 1. $9,720 2. $1,970 3. $9,450 4. $15,680 5. $6,640 What is the present value of this investment if 15 percent per year is the appropriate discount rate? Round the answer to two decimal places

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