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You are given an investment to analyze. The cash flows from this investment are End of year 1. $27,950 2. $1,470 3. $26,100 4. $20,590

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

End of year 1. $27,950 2. $1,470 3. $26,100 4. $20,590 5. $9,350

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

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