Question
Designs Now is opening a showcase office to display and sell its computer designed poster art. Designs expects cash flows to be $120,000 in the
Designs Now is opening a showcase office to display and sell its computer designed poster art. Designs expects cash flows to be $120,000 in the first year, $180,000 in the second year, $240,000 in the third year. If Designs uses 11 percent as its discount rate, what is the present value of the cash flows?
|
| a. | $429,720 |
|
| b. | $457,620 |
|
| c. | $456,000 |
|
| d. | $424,820 |
Please add calculations.
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Sabotage The Business Of Finance
Authors: Ronen Palan
1st Edition
0141986247, 978-0141986241
