Question
Assume the appropriate discount rate for the following cash flows is 10 percent. Year Cash Flow 1 $ 2,000 2 1,900 3 1,600 4 1,400
Assume the appropriate discount rate for the following cash flows is 10 percent.
| Year | Cash Flow | |
| 1 | $ | 2,000 |
| 2 | 1,900 | |
| 3 | 1,600 | |
| 4 | 1,400 | |
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.) Present value $
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
