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Problem 6-27 Discounted Cash Flow Analysis LOn The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1

Problem 6-27 Discounted Cash Flow Analysis LOn The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 930 1,010 0 4 1,600 2 3 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

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