You have been offered the opportunity to invest in a, Financial Management

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You have been offered the opportunity to invest in a

You have been offered the opportunity to invest in a project that will pay $5,455 per year at the end of years one through three and $11,910 per year at the end of years four and five. If the appropriate discount rate is 18.1 percent per year, what is the present value of this cash flow pattern?

Round the answer to two decimal places.

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Financial Management: You have been offered the opportunity to invest in a

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