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Penny bought a new truck today from Middlefield Motors. She will receive a cash rebate of...

Penny bought a new truck today from Middlefield Motors. She will receive a cash rebate of 4,000 dollars from Middlefield Motors today, pay 25,300 dollars to Middlefield Motors in 1 year(s), receive a cash rebate of 9,000 dollars from Middlefield Motors in 2 year(s), and pay 19,400 dollars to Middlefield Motors in 7 year(s). If the discount rate is 8.16 percent, then what is the present value of the cash flows associated with this transaction?  

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