Find the present value of the following stream of cash flows assuming an opportunity cost of 9 percent. 
Definitions:
Recorded
The act of preserving information, sounds, images, or data in a permanent form for future reference.
Police And Criminal Evidence Act
A legislative act in the UK that sets out the powers and duties of police officers in relation to the treatment of suspects and the gathering of evidence.
Informants
Individuals who confidentially provide information or intelligence to law enforcement agencies, often to help solve crimes.
Covertly
Done in a hidden or secretive manner, often to avoid detection.
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