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Ambrin Corp. expects to receive $10,000 per year for 15 years and $11,500 per year for the next 15 years. What is the present value

Ambrin Corp. expects to receive $10,000 per year for 15 years and $11,500 per year for the next 15 years. What is the present value of this 30 year cash flow? Use an 12% discount rate. Use Appendix D and Appendix B to calculate the answer. (Round your intermediate calculations to the nearest dollar value.)

Multiple Choice

  • $92,661

  • none of these

  • $146,437

  • $82,444

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