The appropriate discount rate for the following cash flows, Financial Management

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The appropriate discount rate for the following cash flows

The appropriate discount rate for the following cash flows is 9 percent compounded quarterly.

Year Cash Flow

1 $ 810

2 890

3 0

4 1,480

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 $

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Financial Management: The appropriate discount rate for the following cash flows

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