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Assume the appropriate discount rate for the following cash flows is 8.4 percent. Year Cash Flow 1 $1,200 2 1,100 3 800 4 600 Required:

Assume the appropriate discount rate for the following cash flows is 8.4 percent. Year Cash Flow 1 $1,200 2 1,100 3 800 4 600 Required: What is the present value of the cash flows?

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