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Wainright Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $780 2 $1075 3 $1267 4 $1398 If the

Wainright Co. has identified an investment project with the following cash flows.

Year Cash Flow

1 $780

2 $1075

3 $1267

4 $1398

If the discount rate is 20.9 percent, what is the present value of these cash flows?

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