You have been offered the opportunity to invest in a project that will pay $3,476 per year at the end of years one through three and $13,355 per year at the end of years four and five. If the appropriate discount rate is 8.1 percent per year, what is the present value of this cash flow pattern?

You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 8.1 percent, compounded annually. End of year 1. $2,086 2. $4,352 3. $4,011 4. $2,511 What is the present value of this investment if 8.1 percent per year is the appropriate discount rate?

You have been offered the opportunity to invest in a project that will pay $3,476 per year at the end of years one through three and $13,355 per year at the end of years four and five. If the appropriate discount rate is 8.1 percent per year, what is the present value of this cash flow pattern? Round all answers two decimal points