(e) A proposed investment will provide cash flows of $50,000, $10,000, and $7,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 20 percent, determine the present value of these cash flows.

Year 1 $ Answer 41,667 Correct

Year 2 $ Answer 8,332 Incorrect

Year 3 $ Answer 0 Incorrect

(f) Find the present value of an investment that will pay $7,000 at the end of Years 10, 11, and 12. Use a discount rate of 12 percent.

$ Answer 0 Incorrect

Please show steps involved in calculating answer.