Question

What is the present value of the following set of cash flows if the discount rate is 13.8%? (the cash flows occur at the end of each period) (round answer to nearest penny and enter in the following format 12345.67)

Year 0 cash flow = -3200 (a negative cash flow)
Year 1 cash flow = 900
Year 2 cash flow = 1000
Year 3 cash flow = 1500
Year 4 cash flow = 1900

Answer 1

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