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A company has to make payments over several years. The payments and their dates are shown below. Date Payments 12/31/2013 $210,000 2/8/2014 $1,000,000 3/8/2015 $2,589,703
A company has to make payments over several years. The payments and their dates are shown below. Date Payments 12/31/2013 $210,000 2/8/2014 $1,000,000 3/8/2015 $2,589,703 8/12/2015 $150,000 5/1/2015 $600,000 11/4/2016 $1,708,900 What is the Net Present Value of these payments if the discount rate is 8%?
A. $5,612,782 B. $6,618,500 C. $9,514,200 D. $7,604,000
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