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Problem 6-27 Discounted Cash Flow Analysis [LO1] The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow 1

Problem 6-27 Discounted Cash Flow Analysis [LO1]

The appropriate discount rate for the following cash flows is 9 percent compounded quarterly.

Year Cash Flow
1 $ 810
2 890
3 0
4 1,480

What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Present value $

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