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Assume the appropriate discount rate for the following cash flows is 10.39 percent per year. Year Cash Flow 1 $2,450 2 2,850 3 5,050 4
Assume the appropriate discount rate for the following cash flows is 10.39 percent per year. Year Cash Flow 1 $2,450 2 2,850 3 5,050 4 5,650 Required: What is the present value of the cash flows? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $
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