You are considering a project with cash flows of $16,500, $25,700, and $18,000 at the end of each year for the next three years, respectively. What is the present value of these cash flows, given a discount rate of 7.9 percent? Simple Interest = - PV + PVrt FV = PV(1 + r) PV=FV/ (1+r) r=(FV/PV) - 1 PVC/ F APR= period rate * number of periods per year 1 (1+)' PV- EAR = = [1 + APR)-1