You are given an investment to analyze. The cash flows from this investment are
End of year
1. $18,970
2. $1,480
3. $18,040
4. $12,260
5. $5,590
What is the present value of this investment if 5 percent per year is the appropriate discount rate?
Round the answer to two decimal places.
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You are given an investment to analyze. The cash flows from this investment are
End of year
1. $18,970
2. $1,480
3. $18,040
4. $12,260
5. $5,590
What is the present value of this investment if 5 percent per year is the appropriate discount rate?
Round the answer to two decimal places.