You are given an investment to analyze the cash flows from


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

End of year

1.   $25,800

2.   $1,170

3.   $16,040

4.   $20,750

5.   $4,460

What is the present value of this investment if 15 percent per year is the appropriate discount rate?

Round the answer to two decimal places.

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Financial Management: You are given an investment to analyze the cash flows from
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