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2. A project requires a current investment of $54.39 and yields future expected cash flows of $19.27,$27.33,$34.94,$41.76, and $32.49 in periods 1 through 5 ,

image text in transcribed 2. A project requires a current investment of $54.39 and yields future expected cash flows of $19.27,$27.33,$34.94,$41.76, and $32.49 in periods 1 through 5 , respectively. All figures are in thousands of dollars. For these expected cash flows, the appropriate discount rate starts at 6.4% in period 1 and declines to 5.6% in period 5 (loses .2% per year). What is the net present value of this project (hint* you will need to use the general discount formula)? 3. An annuity pays $142.38 each period for 6 periods. For these cash flows, the appropriate discount rate / period is 4.5%. What is the present value of this annuity

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