Furious Fred expects cash flows from an investment as follows: Yr 1 $3,000, Yr 2 $5,000, Yr 3 $8,000
Using an opportunity cost of capital of 5.6%, the present value is:
A) $14,118
B) $14,523
C) $14,361
D) $14,909
E) none of the above
Correct Answer:
Verified
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