Herbilux Botanicals 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 FUTURE VALUE of the project?

Question

Quizplus · Accepted Answer

99CF₁ = $697,000 CF₂ = $631,000 CF₃ = $574,000 CF₄ = $898,000 CF₅ = $9,981,000 I/YR = 9 NPV = ? = 8,736,914 PV=8,736,914 N=5 I=9 PMT=0 FV=13,422,825 FV Beginning = 13,422,825(1.09)=14,652,679

Herbilux Botanicals Forecasts the Following Cash Flows at the BEGINNING