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Mahmut Tutam is considering making an investment of $120,000 in a venture that is projected to yield annual returns over a 15- year period

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Mahmut Tutam is considering making an investment of $120,000 in a venture that is projected to yield annual returns over a 15- year period with the following cash flow profile: Year Cash Flow Year Cash Flow Year Cash Flow 1 $14,000 6 $24,000 11 $24,000(0.6)5 234in $16,000 7 $24,000(0.6) 12 $24,000(0.6)6 $18,000 8 $24,000(0.6) 13 $24,000(0.6)7 $20,000 9 $24,000(0.6)3 14 $24,000(0.6) 5 $22,000 10 $24,000(0.6)4 15 $24,000(0.6)

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