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Question Set - Present Value 1. The Smith Ranch in Southwestern New Mexico has estimated its future cash flows for the next 8 years: Using

Question Set - Present Value 1. The Smith Ranch in Southwestern New Mexico has estimated its future cash flows for the next 8 years: Using a fixed interest rate of 3.21%, calculate the PV of the following cash flows. 2020 2021 2022 2023 2024 2025 2026 2027 $17,000 $24,500 $11,700 $31,200 $55,000 $2,500 $7,177 $5,000 PV of the Smith Ranch future cash flows

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