Question
Wells, Inc., has identified an investment project with the following cash flows.YearCash Flow1$1,09021,32031,54042,280 a. If the discount rate is 7 percent, what is the future
Wells, Inc., has identified an investment project with the following cash flows.YearCash Flow1$1,09021,32031,54042,280a.If the discount rate is 7 percent, what is the future value of these cash flows in Year 4?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.What is the future value at an interest rate of 13 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.What is the future value at an interest rate of 22 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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