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The H & L Bark Company is considering the purchase of a debarking machine that is expected to provide cash flows as follows: End of
The H & L Bark Company is considering the purchase of a debarking machine that is expected to provide cash flows as follows:
End of Year | ||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Cash Flow | $1,200 | $2,000 | $2,400 | $1,900 | $1,600 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 |
Required
If the appropriate annual discount rate is 14 percent, what is the present value of this cash-flow stream
P.S: we need the solution to indicate the solution and formulas used (able to copy and paste as text, not as photos)
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