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Assume the appropriate discount rate for the following cash flows is 9.2 percent. Year Cash Flow 1 $1,600 2 1,500 3 1,200 4 1,000

Assume the appropriate discount rate for the following cash flows is 9.2 percent.

Year Cash Flow
1 $1,600
2 1,500
3 1,200
4 1,000

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