Question: If the applicable discount rate is 4 . 6 % , what is the present value of the following stream of cash flows? Assume that

If the applicable discount rate is 4.6%, what is the present value of the following stream of cash flows? Assume that the cash flows occur at the end of the year. Round to the nearest dollar.
Cash Flow Year 1: $1,000
Cash Flow Year 2: $5,000
Cash Flow Year 3: $7,000

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