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Myca Corp. has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of
Myca Corp. has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of 8.9 percent?
| Year | Cash Flow | |||
| 1 | $ | 1,600 | ||
| 2 | 1,970 | |||
| 3 | 2,255 | |||
| 4 | 2,265 | |||
Multiple Choice
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$7,288.48
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$8,090.00
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$6,486.95
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$7,064.29
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$5,766.18
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