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Assume the appropriate discount rate for the following cash flows is 10.1 percent. Year Cash Flow 1 $ 2,050 2 1,950 3 1,650 4 1,450
Assume the appropriate discount rate for the following cash flows is 10.1 percent.
Year
Cash Flow | ||
1 | $ | 2,050 |
2 | 1,950 | |
3 | 1,650 | |
4 | 1,450 |
What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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