Question: Needs Help :) The appropriate discount rate for the following cash flows is 16 percent compounded quarterly. Year 1 2 3 4 Cash Flow $700

Needs Help :)
Needs Help :) The appropriate discount rate for the following cash flows

The appropriate discount rate for the following cash flows is 16 percent compounded quarterly. Year 1 2 3 4 Cash Flow $700 800 0 1,100 What is the present value of the cash flows? Multiple Choice $1,734.81 $246.55

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