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

End of year 1. $19,800 2. $2,850 3. $26,590 4. $8,490 5. $4,170

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.

You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 12.6 percent, compounded annually.

End of year 1. $3,625 2. $2,539 3. $920 4. $975

What is the present value of this investment if 12.6 percent per year is the appropriate discount rate?

Round the answer to two decimal places

You have been offered the opportunity to invest in a project that will pay $1,738 per year at the end of years one through three and $11,021 per year at the end of years four and five. If the appropriate discount rate is 7.4 percent per year, what is the present value of this cash flow pattern?

Round the answer to two decimal places.