Question 10 Homework - Answered O An asset is projected to generate 16 annual cash flows of $4,000 starting 7 years from today. If the discount rate is 8%, how much is this asset worth today? Round to the nearest cent. (Hint: This is a deferred annuity, Remember the rule about where on the timeline PV annuity goes when you have a deferred annuity: 1 Type your numeric answer and submit Cannot be empty Hint X In the PV annuity formula, nis the number of annual cash flows. That's given by the question. Once you find the PV, you need to discount that number back to to as if it is a single cash flow. Answered Incorrect 2 attempts left Resubmit