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You are going to receive the following cash flows: $1,000 in one year, $2,000 in two years, $3,000 in three years and $5,000 in four

You are going to receive the following cash flows: $1,000 in one year, $2,000 in two years, $3,000 in three years and $5,000 in four years. What is the present value of these cash flows if the interest rate is 7%? Round the answer to two decimal places.

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