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The appropriate discount rate for the following cash flows is 7.13 percent per year. Year Cash Flow 1 $ 2,430 2 0 3 3,870 4

The appropriate discount rate for the following cash flows is 7.13 percent per year. Year Cash Flow 1 $ 2,430 2 0 3 3,870 4 2,120 What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal

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