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You just bought equipment from Silver Lake Recreation. You will receive a cash rebate of $ 2 , 6 0 0 from Silver Lake Recreation

You just bought equipment from Silver Lake Recreation. You will receive a cash rebate of $2,600 from Silver Lake Recreation in 5 years, pay $18,100 to Silver Lake Recreation in 6 years, receive a cash rebate of $2,500 from Silver Lake Recreation in 11 years, and pay $3,000 to Silver Lake Recreation in 14 years. The discount rate is 17.70 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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