Question
An asset is projected to generate 5 annual cash flows of $14,000 starting 7 years from today and a final one-time cash flow of $12,000
An asset is projected to generate 5 annual cash flows of $14,000 starting 7 years from today and a final one-time cash flow of $12,000 in 29 years from today. If the appropriate discount rate is 7.6%, how much is this asset worth today? Round to the nearest dollar.
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
