You have been offered the opportunity to invest in a, Financial Management

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You have been offered the opportunity to invest in a

You have been offered the opportunity to invest in a project which is expected to provide you with the following cash flows: $5,400 in 1 year, $13,800 in 2 years, and $7,400 in 3 years. If the appropriate interest rates are 6 percent for the first year, 8 percent for the second year, and 11 percent for the third year, what is the present value of these cash flows?

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