Problem 5-27 Discounted Cash Flow Analysis [LO 1] Assume the appropriate discount rate for the following cash flows is 9.9 percent. Year 1 2 3 4 Cash Flow $1,950 1,850 1,550 1,350 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