Question
If the appropriate discount rate for the following cash flows is 11.7% per year, what is the present value of the cash flows? (show work)
If the appropriate discount rate for the following cash flows is 11.7% per year, what is the present value of the cash flows? (show work)
YEAR CASH FLOW 1 -$21,600 2 -$25,900 3- $38,700 4- $16,200
A. $71,407.19 B $74,221.80 C. $78,270.77 D. $81,121.03
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Secured Finance Transactions Key Assets And Emergin Markets
Authors: Paul U Ali
1st Edition
1905783108, 978-1905783106
