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You have been offered the opportunity to invest in a project that will pay $3342 per year at the end of years one through three

You have been offered the opportunity to invest in a project that will pay $3342 per year at the end of years one through three and $12431 per year at the end of years four and five. If the appropriate discount rate is 9.94 percent per year, what is the present value of this cash flow pattern?

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