Question
Christie, Incorporated, has identified an investment project with the following cash flows. Year Cash Flow 1$1,0102$1,2403$1,4604$2,200 a. If the discount rate is 7 percent, what
Christie, Incorporated, has identified an investment project with the following cash flows.
YearCash Flow1$1,0102$1,2403$1,4604$2,200a. If the discount rate is 7 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. If the discount rate is 13 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. If the discount rate is 22 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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