Year 2019 2020 Projected Cash Flow Loss from Uncollected Notes $8,000 18,000 $10,000 22,000 45,000 $6,000 14,000 $26,000 35,000 8% Probability of Loss Occurring 90% 10% 15% 70% 15% 85% 15% 50% 50% 2021 2022 Risk-free rate Calibri General Wie Text X Cut Das Copy Format Painter Clipboard 12 - AA ===> A Merge Center Paste 8 TU $ -% 8 Condition Formatting - Numbe Font A1 What is the estimated bad debt allowance at December 31, 2018? E What is the estimated bad debt allowance at December 31, 2018? Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the 2 Instruction tab you will be marked wrong.) 3 Future value (FV) 4 Year 5 6 2019 2020 2021 2022 7 B 9 10 Total Present Value (PV) 11 12 15 16 17 16 24 26 27 INSTRUCTION ENTERANSWERS Type here to search O T