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The appropriate discount rate for the following cash flows is 13 percent compounded quarterly. Year Cash Flow 1= $600 2 =600 3= 0 4 =1,300

The appropriate discount rate for the following cash flows is 13 percent compounded quarterly.

Year Cash Flow

1= $600

2 =600

3= 0

4 =1,300

What is the present value of the cash flows?

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