Question
23. If the appropriate discount rate for the following cash flows is 11.7 percent per year, what is the present value of the cash flows?
23.
If the appropriate discount rate for the following cash flows is 11.7 percent per year, what is the present value of the cash flows?
| Year | Cash Flow |
| 1 | $21,600 |
| 2 | $25,900 |
| 3 | $38,700 |
| 4 | $16,200 |
Group of answer choices
$71,407.19
$74,221.80
$78,270.77
$80,407.16
$81,121.03
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
