Present value of cash flows associated with transaction

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Reference no: EM131449230

Penny bought a new truck today from Middlefield Motors. She will receive a cash rebate of 5, 300 dollars from Middlefield Motors today, pay 22, 200 dollars to Middlefield Motors in 3 year(s) from today, receive a cash rebate of 7, 600 dollars from Middlefield Motors in 4 year(s) from today, and pay 24, 500 dollars to Middlefield Motors in 7 year(s) from today. If the discount rate is 5.64 percent, then what is the present value of the cash flows associated with this transaction?

Reference no: EM131449230

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