Consider the following timeline detailing a stream of cash flows: 
If the current market rate of interest is 8%,then the present value (PV) of this stream of cash flows is closest to:
Definitions:
Primary Modulation
Term used by Allison to describe the amount of ON time of an actuation signal.
Secondary Modulation
Allison term used to describe the control of current flow to an output device. Also known as submodulation.
Optimal Current Flow
The most efficient rate at which electrical current travels through a circuit, minimizing losses and enhancing performance.
Full-authority
A term often associated with electronic control systems, where the electronic controller has complete control over a system's functions.
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