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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash Flow 1 $70 2 700 3 0 4 1,400

The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash

Flow

1 $70

2 700

3 0

4 1,400

What is the present value of the cash flows?

Multiple Choice

$2,108.73

$452.08

$2,171.09

$2,151.76

$2,194.80

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