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You are offered an investment opportunity that will provide the following stream of annual cash flows: End of Year Cash Flow 1 $16,000 2 $18,000
You are offered an investment opportunity that will provide the following stream of annual cash flows:
| End of Year | Cash Flow |
| 1 | $16,000 |
| 2 | $18,000 |
| 3 | $19,000 |
| 4 | $17,000 |
| 5 | $16,000 |
| 6 | $19,000 |
If the discount rate is 10%, what is the value of the investment?
a. $59,422.25
b. $70,652.76
c. $73,768.08
d. $75,967.44
e. $78,661.23
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