Exercise 13-12 Uncertain Cash Flows [LO13-4]

The Cambro Foundation, a nonprofit organization, is planning to invest $156,420 in a project that will last for three years. The project will produce net cash inflows as follows:

Year 1	$	60,000
Year 2	$	70,000
Year 3		?

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table.

Required:

Assuming that the project will yield exactly a 9% rate of return, what is the expected net cash inflow for Year 3?