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You are presented with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; at the

You are presented with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; at the following year, an amount of $5,000 per year until year 12; and then an amount of $10,000 per year until year 23. If your required rate of return (APR) is 10% compounded annually, what is the present value today of these cash flows? Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest dollar. For example if you obtain $1,432.728 then enter 1,433; if you obtain $432.00 then enter 432 Your Answer:

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