In: Finance
An investment costs $2,921 today and provides cash flows at the end of each year for 21 years. The investments expected return is 8.5%. The projected cash flows for Years 1, 2, and 3 are $101, $277, and $372, respectively. What is the annual cash flow received for each of Years 4 through 21 (i.e., 18 years)? Assume the same payment for each of these years. (Round answer to 2 decimal places. Do not round intermediate calculations).