Quantitative Problem: You own a security with the cash flows shown below.

If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round intermediate calculations.

Quantitative Problem: You own a security with the cash flows shown below. 0 2 4 0 610 350 250 290 If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round intermediate calculations