Question
Please show all steps to finding the answer by hand. Thank you! 1.) You have provided your client with a legal service worth $8,500. Your
Please show all steps to finding the answer by hand. Thank you!
1.) You have provided your client with a legal service worth $8,500. Your client offers you the following cash flows instead of paying $8,500 today. Should you accept his offer if your opportunity cost is 10 percent?
| Year | Cash Flow |
| 1 | $4,000 |
| 2 | 3,000 |
| 3 | 2,000 |
| 4 | 2,000 |
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
