Question
Elon Musk and Tesla earn an interest rate of 3.9 percent in their new investment project. The projects cash flows are described in the table
Elon Musk and Tesla earn an interest rate of 3.9 percent in their new investment project. The projects cash flows are described in the table below. The present value of those cash flows is $5,614.66. However, you will tell Elon Musk that their value in Year 3 is:
| Year | Cash Flow | |||
| 1 | $ | 1,380 | ||
| 2 | 1,465 | |||
| 3 | ? | |||
| 4 | 2,030 | |||
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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
