Mayfield Development, LLC forecasts the following cash flows at the beginning of each year for a project. If the firm's discount rate is 9%, what is the present value of the project?
A) $7,634,980
B) $8,736,914
C) $9,523,236
D) $12,268,998

Question

Mayfield Development, LLC forecasts the following cash flows at the beginning of each year for a project. If the firm's discount rate is 9%, what is the present value of the project? 
A) $7,634,980 
B) $8,736,914 
C) $9,523,236 
D) $12,268,998

Quizplus · Accepted Answer

CF₀ = $697,000 CF₁ = $631,000 CF₂ = $574,000 CF₃ = $898,000 CF₄ = $9,981,000 I/YR = 9 NPV = ? = $9,523,236

Mayfield Development, LLC Forecasts the Following Cash Flows at the Beginning