Question
McCann Company has identified an investment project with the following cash flows. Year Cash Flow 1 $ 850 2 1,010 3 1,310 4 1,190 a.
McCann Company has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 850
2 1,010
3 1,310
4 1,190
a. If the discount rate is 10 percent, what is the present value of these cash flows?
- 3,404.45
- $4,360.00
- $3,744.89
- $3,484.50
- $3,327.25
b. What is the present value at 16 percent?
- $2,979.84
- $4,360.00
- $3,456.62
- $3,044.57
- $2,917.28
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
