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The appropriate discount rate for the following cash flows is 6.93 percent per year. Year Cash Flow 1 $ 2,390 2 0 3 3,830 4

The appropriate discount rate for the following cash flows is 6.93 percent per year. Year Cash Flow 1 $ 2,390 2 0 3 3,830 4 2,080 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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