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Assume the appropriate discount rate for the following cash flows is 9.5 percent. Year Cash Flow 1 $ 1,750 2 1,650 3 1,350 4 1,150

Assume the appropriate discount rate for the following cash flows is 9.5 percent. Year Cash Flow 1 $ 1,750 2 1,650 3 1,350 4 1,150 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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