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Assume the appropriate discount rate for the following cash flows is 10.09 percent per year. Year Cash Flow 1 $2,300 2 2,700 3 4,900 4

Assume the appropriate discount rate for the following cash flows is 10.09 percent per year. Year Cash Flow 1 $2,300 2 2,700 3 4,900 4 5,500 Required: What is the present value of the cash flows

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