You have been offered the opportunity to invest in a project that will pay $1,486 per year at the end of years one through three and $14,208 per year...

You have been offered the opportunity to invest in a project that will pay $1,486 per year at the end of years one through three and $14,208 per year at the end of years four and five. If the appropriate discount rate is 13.4 percent per year, what is the present value of this cash flow pattern?