Question
Assume the appropriate discount rate for the following cash flows is 9.6 percent. Year Cash Flow 1 $ 1,800 2 1,700 3 1,400 4 1,200
Assume the appropriate discount rate for the following cash flows is 9.6 percent.
| Year | Cash Flow | |
| 1 | $ | 1,800 |
| 2 | 1,700 | |
| 3 | 1,400 | |
| 4 | 1,200 | |
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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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
