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8. Unevencash flows A series, or stream, of cash flows may not always necessarily be an annuity, Cash flows can also be uneven and nonconstant,

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8. Unevencash flows A series, or stream, of cash flows may not always necessarily be an annuity, Cash flows can also be uneven and nonconstant, but the concept of the time value of money applies to uneven cash flows as well. Consider the following case: Swanky Beverage Co. expects the following cash nows from its manufacturing plant in Palau over the next years: Year 1 2 Annual Cash Flows 31,300,000 $2,900,000 $5,250,000 $4,800,000 $3,800,000 $4,000,000 4 6 The cro or the company believes that an appropriate antial interest rate on this investment 1845. What is the present at the cash fhow stream (rounded to the nearest whole dollar)? $13,900,000 $17,156,174 513,646,104 $22,050,000

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