Problem 6-28 Discounted Cash Flow Analysis [LO1] The appropriate discount rate for the following cash flows is 7.48 percent per year. Year Cash Flow 1 $2,500 2 0 3 3,940 4 2,190 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