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1 The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. 2.5 points Year 1 2 3 Cash Flow $1,000 700

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1 The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. 2.5 points Year 1 2 3 Cash Flow $1,000 700 O 1,200 Skipped 4 eBook What is the present value of the cash flows? References Multiple Choice $2.193.38 $503.07 O O $2,259.51 O $2,282.91 O O $2,238.15

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