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Your company expects to make $10,000 as of today in sales, $12,500 at the end of one year, $15,700 at the end of the year

Your company expects to make $10,000 as of today in sales, $12,500 at the end of one year, $15,700 at the end of the year after that and $20,900 the end of the year after that. Assuming a discount rate of 12%, what is the total present value of your projected sales?

Please put formulas and explain it. Thank you

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