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Daigo Dojima recently invested $13,200 in a project that is promising to return 7.84 percent per year. The cash flows are expected to be as
Daigo Dojima recently invested $13,200 in a project that is promising to return 7.84 percent per year. The cash flows are expected to be as follows: End of Cash Year Flow 1 $3,250 2 1,600 3 1,950 4 ??? 5 850 6 2,180 Note that the 4th year cash flow is unknown. Assuming the present value of this cash flow stream is $13200 (that is, CF0 = -13200), what is the missing cash flow value (that is, what is the cash flow at the end of the 4th year)
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