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Consider the following cash flows: Date Cash Received 1/1/17 1/1/18 1/1/19 1/1/20 $500 $100 What is the value on 1/1/16 of the above cash flows?

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Consider the following cash flows: Date Cash Received 1/1/17 1/1/18 1/1/19 1/1/20 $500 $100 What is the value on 1/1/16 of the above cash flows? Use an 8% discount rate, and round your answer to the nearest $1.00. Amount of Cash $100 $100 A. $800 B. $649 OC. $601 D. $740

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