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The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. Year Cash Flow 1 $800 2 500 3 0 4 1,200
| The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $800 |
| 2 | 500 |
| 3 | 0 |
| 4 | 1,200 |
Required:
| What is the present value of the cash flows? |
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