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The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year Cash Flow Y1 $700, Y2 600, Y3 $0, Y4 1,300

The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year Cash Flow Y1 $700, Y2 600, Y3 $0, Y4 1,300 What is the present value of the cash flows?

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