The present value of the following cash flow stream is $7,300 when discounted at 7.1 percent annually.

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The present value of the following cash flow stream is $7,300 when discounted at 7.1 percent annually. What is the value of the missing cash flow?

Year ......................Cash Flow

1 ................................$1,500

2 .......................................?

3 .................................2,700

4 .................................2,900

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Corporate Finance

ISBN: 978-0077861759

11th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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