What is the present value of the cash flows

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Assume the appropriate discount rate for the following cash flows is 8.6 percent. Year Cash Flow 1 $1,300 2 1,200 3 900 4 700 Required: What is the present value of the cash flows? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $

Reference no: EM131999850

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