i Assume the appropriate discount rate for the following cash flows is 9.4 percent. Year Cash Flow 1 2 3 4 $1,700 1,600 1,300 1,100 Saved What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Present value

Assume the appropriate discount rate for the following cash flows is 9.4 percent. What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16