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You are given an investment to analyze. The cash flows from this investment are End of year 1. $11,780 2. $1,430 3. $25,460 4. $15,190

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

End of year 1. $11,780 2. $1,430 3. $25,460 4. $15,190 5. $3,460

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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