Urgently need the answer. You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1,256.02 beginning at the end of first year. Assume that the general inflation rate is...

Urgently need the answer.

You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1,256.02 beginning at the end of first year. Assume that the general inflation rate is 15.42% and the market interest rate is 15.42% during this inflationary period.


The equivalent present worth of the project is:

Enter your answer as follow: 1234.56