What is present value of this cash flow pattern

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You have been offered the opportunity to invest in a project that will pay $1,532 per year at the end of the years one through three and $11,071 per year at the end of years 4 and 5. If the appropriate discount rate is 18.88 percent per year, what is the present value of this cash flow pattern?

Round the answer to two decimal places

Reference no: EM13731903

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