Question
You have provided your friend with a service worth $8,500. Your friend offers you the following cash flow instead of paying $8,500 today. Should you
You have provided your friend with a service worth $8,500. Your friend offers you the following cash flow instead of paying $8,500 today. Should you accept his offer if your opportunity cost is 8 percent?
Year Cash Flow
1 $4,000
2 $3,000
3 $2,000
4 $1,000
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Get StartedRecommended Textbook for
Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
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