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Assume the appropriate discount rate for the following cash flows is 10.69 percent per year. Year Cash Flow 1 $ 2,600 2 3,000 3 5,200
Assume the appropriate discount rate for the following cash flows is 10.69 percent per year.
Year | Cash Flow | |
1 | $ | 2,600 |
2 | 3,000 | |
3 | 5,200 | |
4 | 5,800 | |
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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