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Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows: YearInvestment AInvestment B1$3,700$3,70023,7004,84033,7002,70043,7001,280 What is the total
Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows:
YearInvestment AInvestment B1$3,700$3,70023,7004,84033,7002,70043,7001,280
What is the total present value of Investment A's cash flows assuming an 8% minimum rate of return? Use AppendixTable 2.(Do not round your intermediate calculations. Round your answer to the nearest whole dollar.)
a. $6,855.
b. $3,700.
c. $10,660.
d. $13,235.
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