value: 12.00 points Problem 6-28 Discounted Cash Flow Analysis [LO1] The appropriate discount rate for the following cash flows is 6.98 percent per year Year Cash Flow 1$2,400 3,840 2,090 4 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 References eBook & Resources Worksheet Difficulty. Basic