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You are given an investment to analyze. The cash flows from this investment are: End of Year 1. $29,240 2. $2,810 3. $6,170 4. $27,
You are given an investment to analyze. The cash flows from this investment are:
End of Year
1. $29,240
2. $2,810
3. $6,170
4. $27, 950
5. $8,230
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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