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Assume the appropriate discount rate for the following cash flows is 8.5 percent. Year Cash Flow 1 $1,250 2 1,150 3 850 4 650 What
Assume the appropriate discount rate for the following cash flows is 8.5 percent. Year Cash Flow 1 $1,250 2 1,150 3 850 4 650 What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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