Question
An investment is expected to produce annual cash flows of $1,500, $2,000, and $2,500. Assuming a discount rate of 12%, the present value of this
An investment is expected to produce annual cash flows of $1,500, $2,000, and $2,500. Assuming a discount rate of 12%, the present value of this series of cash flows is _____. (Round your answer to two decimal places.)
| Period | 1 | 2 | 3 |
| 12% | 0.89286 | 0.79719 | 0.71178 |
a.$3,118.74
b.$3,373.83
c.$4,713.12
d.$2,933.67
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Introduction To Cost Accounting
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
1st International Edition
0538749636, 978-0538749633
