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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $ 930 2 $1,010 3 $0 4

The appropriate discount rate for the following cash flows is 8 percent compounded quarterly.

Year Cash Flow

1 $ 930

2 $1,010

3 $0

4 $1,600

What is the present value of the cash flows?

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