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7 7.14 points Skipped eBook Print References Assume the appropriate discount rate for the following cash flows is 8.8 percent. Year Cash Flow 1 $1,400

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7 7.14 points Skipped eBook Print References Assume the appropriate discount rate for the following cash flows is 8.8 percent. Year Cash Flow 1 $1,400 1,300 1,000 800 What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value 234

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