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Assume the appropriate discount rate for the following cash flows is 8.9 percent. Year Cash Flow $1,450 1,350 1,050 850 What is the present value

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Assume the appropriate discount rate for the following cash flows is 8.9 percent. Year Cash Flow $1,450 1,350 1,050 850 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.) Present value

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