You have been offered the opportunity to invest in a project that will pay $3,956 per year at the end of years one through three and $7,731 per year at the end of years four and five.
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You have been offered the opportunity to invest in a project that will pay $3,956 per year at the end of years one through three and $7,731 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 14.34 percent per year. What is the future value of this cash flow pattern at the end of year five?
Round the answer to two decimal places.
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