Question
You are thinking of buying a miniature golf course (for investment purposes). It is expected to generate a cash flow of $40,000 per year for
You are thinking of buying a miniature golf course (for investment purposes). It is expected to generate a cash flow of $40,000 per year for the first 4 years (years 1-4) and $50,000 for the next 4 years (years 5-8). If the appropriate discount rate is 10%, what is the present value of these cash flows?
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Year 14 n1 40000 Year 58 n2 50000 Discount Rate i 10 Annuity ...
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
