he appropriate discount rate for the following cash flows is 7.18 percent per year. ...
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| he appropriate discount rate for the following cash flows is 7.18 percent per year. |
| Year | Cash Flow | |||||
| 1 | $ | 2,440 | ||||
| 2 | 0 | |||||
| 3 | 3,880 | |||||
| 4 | 2,130 | |||||
| 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.) |
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