Question: Solve using math formulas and show explanation. If the appropriate discount rate for the following cash flows is 9.75% per year, what is the present

Solve using math formulas and show explanation. If the appropriate discount rate for the following cash flows is 9.75% per year, what is the present value of the cash flows? What is the value of all the cash flows at year 2?

Year

Cash Flow

1

$2,800

2

0

3

8,100

4

1,940

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