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If the appropriate discount rate for the following cash flows is 12.5 percent per year, what is the present value of the cash flows? Year

If the appropriate discount rate for the following cash flows is 12.5 percent per year, what is the present value of the cash flows?

Year 1: Cash Flow: 12,500

Year 2: Cash Flow: 22,800

Year 3: Cash Flow: 18,500

Year 4: Cash Flow: 19,000

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