If the appropriate discount rate for the following cash flows is 12.25 percent per year, what is the present value of the cash flows?
Year 1 Cash flow is $1500.
Year 2 cash flow is $3200.
Year 3 cash flow is $7200.
Year 4 cash flow is $9600.
Please view the attached Excel sheet.
YEAR CASH FLOWS DISCOUNT FACTOR PV OF CASH ...
The solution discloses all the computations necessary to understand the problem together with the solution.