value: 10.00 points The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow $ 870 950 0 1,540 2 4 What is the present value of the cash flows? (Do not roun final answer to 2 decimal places, e.g., 32.16.) Present value d intermediate calculations and round your $ 2751.97 References eBook & Resources Worksheet Learning Objective: 06-01 How to determine the future and present value