Need to solve for 2,3,4,5

2. What concept must be considered when looking at cash flows over several years for a long-term investment? Explain. 3. What is meant by the term present value? 4. What is the formula used to calculate the present value of a future cash flow? Describe each component. 5. Describe the three steps required to evaluate investments using the net present value method. How do most firms establish the required calculate the value