Question: Suppose you signed a contract for a special assignment over the next 6 years. You will be paid $11492 at the end of each year.

Suppose you signed a contract for a special assignment over the next 6 years. You will be paid $11492 at the end of each year. If your required rate of return is 11%, what is this contract worth in today? (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer.)

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