Herlige Narren AS has identified an investment project with the following cash flows.

Year Cash Flow (DKK)

1 950

2 1,190

3 1,540

4 1,905

Assume all the cash flows have occurred at the beginning of the year. (Do not round intermediate steps. Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 1%.)

Requirement 1: If the discount rate is 10 per cent, what is the future value of these cash flows at the end of year 5?

Requirement 2: What is the future value of these cash flows at the end of year 5 at a discount rate of 15 per cent?

Requirement 3: What is the future valueof these cash flows at the end of year 5 at a discount rate of 20 per cent?