The appropriate discount rate for the following cash flows is an 8 percent APR compounded quarterly. Year Cash Flow 1 $ 930 2 1,010 3 0 4 1,600 What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Present value

The appropriate discount rate for the following cash flows is an 8 percent APR compounded quarterly. What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16