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You have been offered the opportunity to invest in a project that will pay $3,824 per year at the end of years ine through three

You have been offered the opportunity to invest in a project that will pay $3,824 per year at the end of years ine through three $11,747 per year at the end of the years four and five. If the appropriate discount rate is 18.6 percent per year, what is the present value of the cash flow pattern?

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