Assume the appropriate discount rate for the following cash flows is 9.99 percent per year....
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Accounting
Assume the appropriate discount rate for the following cash flows is 9.99 percent per year.
Year
Cash Flow
1
$2,250
2
2,650
3
4,850
4
5,450
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
$
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