What is the present value of the cash flow pattern

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Problem 1: You have been offered the opportunity to invest in a project that will pay $2,087 per year at the end of years one through three and $13,556 per year at the end of years four and five. If the appropriate discount rate is 11.1 percent per year, what is the present value of this cash flow pattern?

Reference no: EM132920038

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