What is the present value of the following set of cash flows, discounted at 15.3% per year? Year 1 2 3 4 CF $97 $97
What is the present value of the following set of cash flows, discounted at 15.3% per year?
| Year | 1 | 2 | 3 | 4 |
| CF | $97 | $97 | $193 | $193 |
The present value of the cash flow stream is $.......
(Round to the nearest cent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
