Your client just purchased an investment that generates the following cash flows for the next four years. He are able to

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answerhappygod
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Your client just purchased an investment that generates the following cash flows for the next four years. He are able to

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Your client just purchased an investment that generates thefollowing cash flows for the next four years. He are able toreinvest these cash flows at 4.7 percent, compounded annually.
End of year1. $3,9852. $3,9993. $1,4494. $2,661
What is the present value of this investment if 4.7 percent peryear is the appropriate after-tax rate of return?
Round the answer to two decimal places.
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