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You are scheduled to receive a $400 cash flow in one year, a $900 cash flow in two years, and pay a $700 payment in

You are scheduled to receive a $400 cash flow in one year, a $900 cash flow in two years, and pay a $700 payment in three years. Interest rates are 8 percent per year. What is the combined present value of these cash flows? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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