An analyst at the Starr Corp has estimated that the firm's future cash flows for the next five years will equal $80 million per year. If the cost of capital for Starr is 12%, what is the value of Starr Corp.'s planning period cash flows spanning the next five years? Assumptions: PV = ? I = 12% N = 5 Pmt = 80 FV = 0 Solution: PV = 288.38 Planning period (interim) value