What is the 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 $2,769 per year at the end of years one through three and $12,078 per year at the end of years four and five. If the appropriate discount rate is 18.8 percent per year, what is the present value of this cash flow pattern? Round the answer to two decimal places.

Reference no: EM13927803

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