A new start-up company promises to pay an investor each quarter for the next two years. The company will pay $22,125.00 per quarter for the first four quarters, and then $25,850.00 per quarter for the following four quarters. If the investor wants a 11.08% APR return with quarterly compounding, what is the value of the investment opportunity today? Answer Format: Currency: Round to: 2 decimal places.
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