TIME VALUE OF MONEY. Consider the following cash flow stream. The discount rate up to the end of the 4th year is 10% while the

TIME VALUE OF MONEY. Consider the following cash flow stream. The discount rate up to the end of the 4th year is 10¼% while the discount rate for cash flows after the 4th year is 12¾%. What is the net present value of the cash flows? Show Calculations.

Year	Cash Flow
0	-$10,000
1	800
2	800
3	-800
4	12,000
5	500
6	-500
7	500