You have a dairy cow that produces $3,200 of milk per year for 10 years (realized at
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You have a dairy cow that produces $3,200 of milk per year for 10 years (realized at the end of the year). In the 11th she becomes infertile so you sell her for $1,000. What is the present value of the diary cow assuming a weighted average cost of capital of 4.75 percent? [Contributed by Professor Jaclyn Kropp].
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To calculate the present value of the dairy cows cash flows over the 10year period we need to discou...View the full answer
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