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You are offered an investment with the following promised annual cash flows: $500 at the end of year 1 $1000 at the end of year

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You are offered an investment with the following promised annual cash flows: $500 at the end of year 1 $1000 at the end of year 2 $0 at the end of year 3 $3000 at the end of year 4 $2500 at the end of year 5. If you feel that you should earn a 15% return on your investment, what would you pay today? (round the answer to the penny)

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