You just inherited a sizable chunk of money from your favorite aunt! Yes you are going to buy yourself a new car but thanks to your FIN320 class, you know you need to invest the rest of your inheritance. You are looking at an investment with the following timeline and cash flow. Including the initial outlay, what is the present value of this investment assuming a 15.75% interest rate? $2,135.33 Cash Flows (6,300) $2,308.62 $2,891.69 $3,493.07 Year $4,113.30 0 Year 1 1,800 Year 2 2,300 Year 3 2,550 Year 4 3,000 Year 5 4,200

You just inherited a sizable chunk of money from your favorite aunt! Yes you are going to buy yourself a new car but thanks to your FIN320 class, you know you need to invest the rest of your inheritance. You are looking at an investment with the following timeline and cash flow. Including the initial outlay, what is the present value of this investment assuming a 15.75% interest rate? $2,135.33 $2,308.62 $2,891.69 $3.493.07 $4,113.30