You are thinking about investing $4,521in your friend's landscaping business. Even though you know the investment is risky and you can't be sure, you expect your investment to be worth

$5,601 next year. You notice that the rate for one-year Treasury bills is1%. However, you feel that other investments of equal risk to your friend's landscape business offer an expected return of 11%for the year. What should you do?

The present value of the return is .

(Round to the nearest cent.)