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The appropriate discount rate for the following cash flows is 7.78 percent per year. Year Cash Flow 1 $ 2,560 2 0 3 4,000 4

The appropriate discount rate for the following cash flows is 7.78 percent per year. Year Cash Flow 1 $ 2,560 2 0 3 4,000 4 2,250 What is the present value of the cash flows?

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