What is the present value of the cash flow pattern

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Question 1: You have been offered the opportunity to invest in a project that will pay $5,292 per year at the end of years one through three and $11,960 per year at the end of years four and five. If the appropriate discount rate is 9.7 percent per year, what is the present value of this cash flow pattern? ?Round the answer to two decimal places.

Reference no: EM132532561

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