Present Value and Multiple Cash Flows Investment X offers to pay you 6,000 per year for nine

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Present Value and Multiple Cash Flows Investment X offers to pay you £6,000 per year for nine years, whereas Investment Y offers to pay you £8,000 per year for 6 years. Which of these cash flow streams has the higher present value if the discount rate is 5 per cent? If the discount rate is 15 per cent?

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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