James identified a project with the following cash flows. What is the present value of the cash flows at time 0 if the interest rate is 9%?

Year 1/ $2000, Year 2/ $650, Year 3/ $375, Year 4/ $1200

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Year

Cash flow

PVIF_{9%, n }

PV

0.917*2000

1834

0.842*650

547.3

0.775*375

290.62

0.708*1200

849.6

3522

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