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Finance

Assume the appropriate discount rate for the following cash flows is 8.9 percent.

Year Cash Flow

1 $1,450

2 1,350

3 1,050

4 850

What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744057

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