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You are given an investment to analyze. The cash flows from this investment are End of year 1.$17,560 2.$1,750 3.$2,960 4.$29,650 5.$2,770 What is the

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

End of year

1.$17,560

2.$1,750

3.$2,960

4.$29,650

5.$2,770

What is the present value of this investment if 5 percent per year is the appropriate discount rate?

Round the answer to two decimal places.

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