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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. What is the present value of the cash flows? Year 1

The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. What is the present value of the cash flows? Year 1 CF=700, Year 2 CF=600, Year 3 CF=0, Year 4 CF=1200. What is the present value of the cash flows?

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