Question: Problem 6-28 Discounted Cash Flow Analysis (LOI) The appropriate discount rate for the following cash flows is 7.33 percent per year. Year Cash Flow 1

 Problem 6-28 Discounted Cash Flow Analysis (LOI) The appropriate discount rate

Problem 6-28 Discounted Cash Flow Analysis (LOI) The appropriate discount rate for the following cash flows is 7.33 percent per year. Year Cash Flow 1 $2,470 2 0 3 3,910 4 2,160 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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