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Assume the appropriate discount rate for the following cash flow is 9.3%. Year 1 cash flow $1,650. Year 2 cash flow $1,550. Year 3 cash

Assume the appropriate discount rate for the following cash flow is 9.3%. Year 1 cash flow $1,650. Year 2 cash flow $1,550. Year 3 cash flow $1,250. Year 4 cash flow $1,050. What is the present value of the cash flows?

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