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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $800 2 1,030 3 1,350 4 1,150 a. If
| McCann Co. has identified an investment project with the following cash flows. |
| Year | Cash Flow |
| 1 | $800 |
| 2 | 1,030 |
| 3 | 1,350 |
| 4 | 1,150 |
| a. | If the discount rate is 9 percent, what is the present value of these cash flows? |
|
| |
| b. | What is the present value at 17 percent? | ||||
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
