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A proposed overseas expansion has the following cash flows. Time 0 is today. Time 1 is one year from today, etc. Year Cash Flows (in

A proposed overseas expansion has the following cash flows. Time 0 is today. Time 1 is one year from today, etc.

Year Cash Flows (in dollars)

0

1 50

2 60

3 70

4 200

Please calculate the Present Value of this project at a required return of 10%. Assume that today is Year 0.

a. 284.23

b. 484.23

c. 84.23

d. 180.00

e. 10%

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