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Question: Gray, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 960 2 1,190 3 1,410 4 2,150 If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? What is the future value at an interest rate of 12 percent? Future value $ What is the future value at an interest rate of 23 percent?

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