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You are given the following cash flows. What is the present value (t = 0) if the discount rate is 12 percent? Year ; CF

You are given the following cash flows. What is the present value (t = 0) if the discount rate is 12 percent?
Year ; CF
Year 0 ; $0
Year 1 ; $1
Year 2 ; $2,000
Year 3 ; $2,000
Year 4 ; $2,000
Year 5 ; $0
Year 6 ; $-2,000

$3,277

$4,804

$5,302

$4,289

$2,804

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