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You are given an investment to analyze. The cash flows from this investment are End of year 1. $22,590 2. $2,270 3. $7,650 4. $11,480

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

End of year 1. $22,590 2. $2,270 3. $7,650 4. $11,480 5. $1,380

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

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