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You have been offered the opportunity to invest in a project that will pay $3,749 per year at the end of years one through three

You have been offered the opportunity to invest in a project that will pay $3,749 per year at the end of years one through three and $12,504 per year at the end of years four and five. If the appropriate discount rate is 17.86 percent per year, what is the present value of this cash flow pattern?

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