What is the present value of this investment if 5 percent, Financial Management

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What is the present value of this investment if 5 percent

You are given an investment to analyze. The cash flows from this investment are:

End of Year

1. $29,240

2. $2,810

3. $6,170

4. $27, 950

5. $8,230

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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