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You are evaluating an investment that has the following cash flow series where the expected rate of return (your discount rate) is 20%: End of

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You are evaluating an investment that has the following cash flow series where the expected rate of return (your discount rate) is 20%: End of Year Cash Flow End of Year Cash Flow 0 $ 13,000 4 $ 8,000 1 $ 13,000 5 $ 13,000 N - $ 18,000 6 6 - $ 24,000 3 - $1,000 7 $ 8,000 What is the present value of the series? Please include your cash flow diagram and a brief explanation of how you solved this

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