9. The H & L Bark Company is considering the purchase of a debarking machine that is expected to provide cash flows as follows: END OF YEAR Cash flow $1,200 $2,000 $2,400 $1,900 $1,600 3 The Time Value of Money END OF YEAR 10 Cash flow $1,400 $1,400 $1,400 $1,400 $1,400 If the appropriate annual discount rate is 14 percent, what is the present value of this cash-flow stream