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Need help solving this. Please don't use excel formulas. Specter Co. has identified an investment project with the following cash flows. If the discount rate
Need help solving this. Please don't use excel formulas.
Specter Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent? At 24 percent?
| Year | Cash Flow |
| 1 | $795 |
| 2 | $945 |
| 3 | $1325 |
| 4 | $1860 |
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