From from the picture (uneven cash flows), suppose now CF=50 at t=4, but other values are the same. Find the PV by using a present value formula. Hint: I = 4% = 0.04 and N = 4. Cash flow (CF) for each period is: CF1 = 100; CF2 = 300; CF3 = 300 and CF4 = 50. Make sure to present your calculation.

0 4 4% 1 + 2 + 3 + 100 300 300 -50 96.15 277.37 266.70 -42.74 597.48 = PV