You have been offered the opportunity to invest in a project that will pay $3,600 per year at the end of years one through three and $12,908 per year at the end of years four and five. If the appropriate discount rate is 6.1 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 $3,600 per year at the end of years one through three and $12,908 per year at the end of years four and five. If the appropriate discount rate is 6.1 percent per year, what is the present value of this cash flow pattern?
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