The projected annual net cash flows associated with an investment opportunity are shown below in Table 5. The expected rate of return on the investment is 12%. Year Future Cash flows 1 220 000 2 250 000 3 300 000 200 000 5 180 000 Table 5: Annual net cash flows of the investment opportunity. Question 23 Determine the missing values represented by K, L, M, and N in Table 5. A K = 0.8929; L = R196 438; M = 0.7118 and N = R213 540 BK = 0.9009; L = R198 198; M = 0.7312 and N = R219 360 C K = 0.9174; L = R201 828; M = 0.7722 and N = R231 660 D K = 0.8929; L = R196 438; M = 0.7722 and N = R231 540 Discount factor K 0.7972 M 0.6355 0.5674 Present Values L 199 300 N 127 100 102 132 (4 marks)