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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $ 840 2 920 3 0 4
| The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. |
| Year | Cash Flow | |||||
| 1 | $ | 840 | ||||
| 2 | 920 | |||||
| 3 | 0 | |||||
| 4 | 1,510 | |||||
| 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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