ShakerMaker, Inc. experienced a cyber loss estimated to be$160,000 on November 30, 2015. The company...

ShakerMaker, Inc. experienced a cyber loss estimated to be $160,000 on November 30, 2015. The company did not have any cyber insurance coverage. If the company would have had cyber insurance, the loss would have been reduced by a $100,000 recovery from the insurance company. The loss, after recovery of $100,000, is considered a cash outflow of $60,000 and the insurance policy (if it had been purchased) would have cost $2,500 per month paid at the beginning of every month. Using present values, determine the amount of the loss at January 2015 if the policy had been purchased at the beginning of the year: A. $7,698 B. $160,000 C. $25,919 D. None of the answers

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ekkarill92 answered 2 years ago

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