Many financial decisions require the analysis of uneven, or nonconstant, cash flows. stock dividends typically increase over time, and investments in capita: equipment almost always generate uneven cash flows. The term cash flow (CFJ) denotes cesh flows, while payment (PMT) designates cash fows coming at regular intervals. The present value of an uneven cash fow stream is the sum of the PVs of the indlidual cash flows. The equation is: PV=(1+1)CF1+(1+1)2CF1++(1+I1Cr=i=1N(1+I)2CFi Simitarly, the future value of an uneven cash flow stream is the sum of the FVs of the individual cash flows. Many calculators have an NPy key that lets you obtain the FV. However, if your calculator doesn't have a net future walue (NFV) key, you can calculate the NFV as follows: NFV=NPV(1+1)N One can also find the interest rate of the uneven cash flow stream with a financial calculator and solving for the Quantitative Problemi You own a security with the cash flows shown below. If you reauire an annuat retum of 10%, what is the present value of this cash fiow stream? Do not round intermediate caiculations. Round your answer to the nearest cent. 5