Question: Problem 6-27 Discounted Cash Flow Analysis [LO1] The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow 1

Problem 6-27 Discounted Cash Flow Analysis [LO1]

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

Year		Cash Flow
	1	$	920
	2		1,000
	3		0
	4		1,590

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.)

Note:> The Answer below is incorrect. Please help me with this question. Thx

Present value

$1678.59

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