Year$1$:

$$$$2$ comma $500$

Year$2$:

$$$$7$ comma $000$

Years $3$ through$7$:

$$$$0$

Year$8$:

$$$$22$ comma $000$

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$$Given the cash inflow in the following$$ table, LOADING...$,$ what is the present value of this cash flow at $4\%,15\%,$ and $22\%$ discount$$ rates?

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Part $1$

What is the present value of this cash flow at $4\%$ discount$$ rate?