Chap 6 Discounted CF Valuation 1 P6-27 Discounted Cash Flow Analysis [LO1] 11 The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. 1 points Year 1 2. 3 4 Cash Flow $900 700 0 1,400 eBook References Required: What is the present value of the cash flows? Multiple Choice $2,389.78 $2,341.98 $2,437.57 $2,406.66 $623.08