Question: Your consulting firm will produce cash flows of $ 1 1 5 , 0 0 0 this year, and you expect cash flows thereafter to

Your consulting firm will produce cash flows of $115,000 this year, and you expect cash flows thereafter to keep pace with any increase in the general level of prices. The interest rate currently is 6.3%, and you anticipate inflation of about 2.3%.
What is the present value of your firms cash flows for years 1 through 5?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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