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A cash flow series pays $22 in year 4, and $11 in every year except year 4, starting in year 1 and ending in

A cash flow series pays $22 in year 4, and $11 in every year except year 4, starting in year 1 and ending in CF Series time 0 $0 1 $11 2 $11 3 $11 4 $22 5 $11 *** 18 $11

A cash flow series pays $22 in year 4, and $11 in every year except year 4, starting in year 1 and ending in year 18, as shown in the above table. If the annual interest rate is 16%, what is the PV of the cash flow series? CF Series time 0 $0 1 $11 2 $11 3 $11 4 $22 5 $11 *** 18 $11

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