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You make an investment today (year O), and you expect to receive cash flows of $1,115, $1,640, and $3,260, in years 1, 2 and 3.

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You make an investment today (year O), and you expect to receive cash flows of $1,115, $1,640, and $3,260, in years 1, 2 and 3. respectively. If the discount rate is 5%, what is the present value of this investment? Enter your answer in dollars, rounded to the nearest cent

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