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The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. 11 Year Cash Flow $700 1 2 500 3 4 1,100

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The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. 11 Year Cash Flow $700 1 2 500 3 4 1,100 What is the present value of the cash flows? Multiple Choice $1,743.21 $1,761.05 $1,708.35 $358.91 $1,778.08

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