Question: Rodney & Co. will launch a new project. This project will generate a 10-year annuity of twenty $6000 semi-annual cash inflows. The first cash flow

Rodney & Co. will launch a new project. This project will generate a 10-year annuity of twenty $6000 semi-annual cash inflows. The first cash flow will occur 6.5 years from now. The discount rate used to evaluate this project is 7% compounded semi-annually. What is the present value today of these cash flows generated by the new project?

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