Jiminez Company has two investment opportunities. Both investments cost $5,000 and will provide the following net cash flows: $\begin{array}{lcc}
\text { Year }& \text { Investment A} & \text { Investment B} \
1 & \$ 3,000 & \$ 3,000 \
2 & 3,000 & 4,000 \
3 & 3,000 & 2,000 \
4 & 3,000 & 1,000
\end{array}$ What is the total present value of Investment A's cash flows assuming an 8% minimum rate of return? ( PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest whole dollar.)

Question

Quizplus · Accepted Answer

The Answer of Jiminez Company has two investment opportunities. Both investments cost $5,000 and will provide the following net cash flows: $\begin{array}{lcc}
\text { Year }& \text { Investment A} & \text { Investment B} \
1 & \$ 3,000 & \$ 3,000 \
2 & 3,000 & 4,000 \
3 & 3,000 & 2,000 \
4 & 3,000 & 1,000
\end{array}$ What is the total present value of Investment A's cash flows assuming an 8% minimum rate of return? ( PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest whole dollar.)

Jiminez Company Has Two Investment Opportunities What Is the Total Present Value of Investment A's Cash