What is the present value of this investment if 5 percent, Financial Management

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What is the present value of this investment if 5 percent

You are given an investment to analyze. The cash flows from this investment are End of year 1. $19,660 2. $1,980 3. $15,600 4. $15,920 5. $6,410 What is the present value of this investment if 5 percent per year is the appropriate discount rate? Round the answer to two decimal places.

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