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You just bought equipment from Pink River Technology. You will receive a cash rebate of $ 1 , 8 0 0 from Pink River Technology

You just bought equipment from Pink River Technology. You will receive a cash rebate of $1,800 from Pink River Technology in 4 years, pay $15,000 to Pink River Technology in 7 years, receive a cash rebate of $5,000 from Pink River Technology in 12 years, and pay $4,400 to Pink River Technology in 14 years. The discount rate is 4.35 percent per year. What is the present value of the cash flows associated with this transaction? Note: the correct answer is less than zero.
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