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You invest in $ 4 k in a project that is expected to pay you every year forever beginning in 8 years from today. If

You invest in $4k in a project that is expected to pay you every year forever beginning in 8 years from today. If the payments are expected to grow by 4.2% every year forever and if the discount rate is 6.5%, then what is the first cashflow that you will receive? (Round to the nearest cent)

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