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You are given an investment to analyze. The cash flows from this investment are End of year 1. $27,720 2. $2,550 3. $29,230 4. $17,670

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

End of year 1. $27,720 2. $2,550 3. $29,230 4. $17,670 5. $6,350

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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