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Assume the appropriate discount rate for the following cash flows is 9.7 percent. Year Cash Flow 1 $1,850 2 1,750 3 1,450 4 1,250 What
| Assume the appropriate discount rate for the following cash flows is 9.7 percent. |
| Year | Cash Flow |
| 1 | $1,850 |
| 2 | 1,750 |
| 3 | 1,450 |
| 4 | 1,250 |
| What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
