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The appropriate discount rate for the following cash flows is 6.88 percent per year. Year Cash Flow 1. $2,380, 2. 0, 3. 3,820, 4. 2,070
The appropriate discount rate for the following cash flows is 6.88 percent per year. Year Cash Flow 1. $2,380, 2. 0, 3. 3,820, 4. 2,070 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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