Year	Cash Flow
0	2000
1	2000
2	0
3	1500
4	2500
5	4000

Using excel... What cash flow today (Year 0), in lieu of the $2,000 cash flow, would be needed to accumulate $15,000 at the end of Year 5? (Assume that the cash flows for Years 1 through 5 remain the same.)

Time value analysis involves either discounting or compounding cash flows. Many healthcare financial management decisionssuch as bond refunding, capital investment, and lease versus buyinvolve discounting projected future cash flows. What factors must executives consider when choosing a discount rate to apply to forecasted cash flows?