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Assume the appropriate discount rate for the following cash flows is 10.79 percent per year. Year Cash Flow 1 $ 2,650 2 3,050 3 5,250

Assume the appropriate discount rate for the following cash flows is 10.79 percent per year.

Year Cash Flow
1 $ 2,650
2 3,050
3 5,250
4 5,850

What is the present value of the cash flows?

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