You are scheduled toreceivea $2,400 cash flow in one year, a $2,900 cash flow in two years, andpaya $2,700 payment in three years. If interest rates are 9 percent per year.

What is the combined present value of these cash flows?(Round intermediate calculations to 2 decimal places. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Combined present value of cash flows

$