In: Finance
You are considering a project with cash flows of $1,200, $2,800, $2,300, $1,600, at the end of each year for the next four years. What is the present value of these cash flows , given a discount rate of 15% ? (Round answers to two decimals with any characters such as $, or , for example: 1234.56 )
Year | Cashflows | Present Value of Cashflows | |
1 | $ 1,200.00 | $ 1,043.48 | |
2 | $ 2,800.00 | $ 2,117.20 | |
3 | $ 2,300.00 | $ 1,512.29 | |
4 | $ 1,600.00 | $ 914.81 | |
Present Value | $ 5,587.77 | ||
Rate of Interest | 15% | ||