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 that will pay $5,640 per year at the end of years one through three and $11,382 per year at the end of years four and five . If the appropriate discount rate is 14.7 percent per year, what is the present value of this cash flow pattern? Round answer to the nearest two decimal places.

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