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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash Flow 1 $ 880 2 960 3 0 4

The appropriate discount rate for the following cash flows is 10 percent compounded quarterly.

Year Cash Flow

1 $ 880

2 960

3 0

4 1,550

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 $ ?????

(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) PLEASEEEE

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