Assume the appropriate discount rate for the following cash flows is 10 percent. 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.)

Assume the appropriate discount rate for the following cash flows is 10 percent. Year Cash Flow 2,000 1,900 1,600 1,400 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