Question
You have been offered the opportunity to invest in a project that will pay $3423 per year at the end of years one through three
You have been offered the opportunity to invest in a project that will pay $3423 per year at the end of years one through three and $10506 per year at the end of years four and five. If the appropriate discount rate is 16.21 percent per year, what is the present value of this cash flow pattern?
Round the answer to two decimal places.
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
