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You have just purchased an investment that generates the following cash flows for the next four tears. You are able to reinvest these cash flows

You have just purchased an investment that generates the following cash flows for the next four tears. You are able to reinvest these cash flows at 11.3 percent compounded annually. End of year 1 to four: $2,457, $4,477, $227, $3,331. What is the present value of this investment if 11.3 percent per year is the appropriate discount rate? Round to two decimal places.

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