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Present value of future cash flow

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Question 13:
A company anticipates a taxable cash receipt of $70,000 in year 5 of a project. The company's tax rate is 30% and its discount rate is 12%. The present value of this future cash flow is closest to:

$23,161
$27,783
$29,039
$33,267.

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A company anticipates a taxable cash receipt of $70,000 in year ...

Solution Summary

The solution provides the steps to calculate the present value of future cash flow.

$2.19