Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the Net Present Value for the following cash flow stream? Year Cash Flow 0 -$1,899 1 $542 2 $1,157 3 $295 4 $237
What is the Net Present Value for the following cash flow stream?
Year | Cash Flow |
0 | -$1,899 |
1 | $542 |
2 | $1,157 |
3 | $295 |
4 | $237 |
5 | $586 |
Assume an interest rate of 4%
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. If your answer is negative, enter your answer as a negative number rounded off to two decimal points.
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