Your client has been offered the opportunity to invest in a project that will pay...
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Accounting
Your client has been offered the opportunity to invest in a project that will pay $3,666 per year at the end of years one through three and $12,825 per year at the end of years four and five. If the appropriate after-tax rate of return is 9.4 percent per year, what is the present value of this cash flow pattern?
Round the answer to two decimal places.
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