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What is the Present Value (PV) of the following series of cash flows using an 8% discount rate? Year $ 1 500 2 300 3

What is the Present Value (PV) of the following series of cash flows using an 8% discount rate?

Year

$

1

500

2

300

3

0

4

400

5

400

a.

More than $1350

b.

$1201 - $1250

c.

Less than $1200

d.

$1251 - $1300

e.

$1301 - $1350

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