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You will receive $ 5 , 4 0 1 in 3 years, $ 1 2 , 1 1 6 in 5 years and $ 1

You will receive $5,401 in 3 years, $12,116 in 5 years and $16,240 in 8 years. If the interest rate is 3.8 percent annually, what is the present value of this stream of cash flows?
(Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
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