Question
Assume that an investment provides the following cash inflows over a three-year period: Year 1 $ 3,000 Year 2 5,000 Year 3 7,000 Total $
Assume that an investment provides the following cash inflows over a three-year period:
| Year 1 | $ 3,000 |
|---|---|
| Year 2 | 5,000 |
| Year 3 | 7,000 |
| Total | $ 15,000 |
Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided.
Assuming a discount rate of 16%, what is the present value of these cash inflows?
Multiple Choice
$9,088
$10,388
$10,788
$9,988
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Basic Food And Beverage Cost Control
Authors: Jack E. Miller, David K. Hayes
1st Edition
0471579181, 978-0471579182
