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Consider a two-year project of a company. The project is expected to generate the following cash flows: t=1 t=2 Cash Flow ($) 500 700 If

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Consider a two-year project of a company. The project is expected to generate the following cash flows: t=1 t=2 Cash Flow ($) 500 700 If the discount rate for the first year (from t=0 to t=1) is 4%, the discount rate for the second year (from t=1 to t=2) is 5%, what is the value of the project today (t = 0)

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