Assume a project will produce cash flows of $22,400, $28,700, $30,300, $10,900 at the end of Years 1 to 4, respectively.If the discount rate is 14.7 percent, what is the current value of these cash flows?
A) $69,407.19
B) $64,221.80
C) $67,721.24
D) $70,407.16
E) $71,121.03
Correct Answer:
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