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The appropriate discount rate for the following cash flows is 7.23 percent per year. Year Cash Flow 1 $2,450 2 $0 3 $3,890 4 $2,140

The appropriate discount rate for the following cash flows is 7.23 percent per year.

Year Cash Flow

1 $2,450

2 $0

3 $3,890

4 $2,140

What is the present value of the cash flows?

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