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Paradise, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $625 2 $975 3 $1,100 4 $1,450 Required: (a)

Paradise, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $625 2 $975 3 $1,100 4 $1,450 Required:

(a) If the discount rate is 10 percent, what is the future value of these cash flows in year 4?

(b) What is the future value at a discount rate of 20 percent?

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