You have been offered the opportunity to invest in a project that will pay $2,903 per year at the end of the years on through three and $14,290 per year at the end of years four and five. If the appropriate discount rate is 19.6 percent per year, what is the present value of this cash flow pattern?
You have been offered the opportunity to invest in a project that
will pay $2,903 per year at the end of the years on through three and $14,290 per year at the end of years four and five. If the appropriate discount rate is 19.6 percent per year, what is the present value of this cash flow pattern?
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