Compute the net present value of a capital expenditure using the

"present value of $1" table. (Obj. 4). Peak Corporation has prepared a schedule of after-tax cash flows expected during an asset's three -year life. The amounts expected are $8,000 in the first year,

$12,000 in the second year, and $22,000 in the third year. Using a discount rate of 1 2 percent, determine the present value of the stream of future cash flows.

LO.1