The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow 1 $ 810 2 890 3 0 4
The appropriate discount rate for the following cash flows is 9 percent compounded quarterly.
Year Cash Flow 1 $ 810 2 890 3 0 4 1,480
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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Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
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