Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the answer must be a percentage What discount rate would make you indifferent between receiving $3,269.00 per year forever and $5,388.00 per year for 28.00
the answer must be a percentage
What discount rate would make you indifferent between receiving $3,269.00 per year forever and $5,388.00 per year for 28.00 years? Assume the first payment of both cash flow streams occurs in one year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started