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Problem 6-28 Discounted Cash Flow Analysis [L01] The appropriate discount rate for the following cash flows is 7.08 percent per year. Year Cash Flow 1

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Problem 6-28 Discounted Cash Flow Analysis [L01] The appropriate discount rate for the following cash flows is 7.08 percent per year. Year Cash Flow 1 $2,420 2 3 4 0 3,860 2,110 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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