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The appropriate discount rate for the following cash flows is 13 percent compounded quarterly. Year Cash Flow 1 $1,000 2 800 3 0 4 1,200

The appropriate discount rate for the following cash flows is 13 percent compounded quarterly.

Year Cash Flow

1 $1,000

2 800

3 0

4 1,200

What is the present value of the cash flows?

Multiple Choice

a. $418.37

b. $2,247.46

c. $2,174.29

d. $2,218.66

e. $2,263.03

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