Question 16The following stream of cash flows will occur at the end of the next five years
Question 16
The following stream of cash flows will occur at the end of the next five years.
Yr 1 -2,000
Yr 2 -3,0003
Yr 3 6,000
Yr 4 25,000
Yr 5 30,000
At a discount rate of 12%, the present value of this cash flow stream is closest to:
A.$58,165.
B.$36,965.
C.$65,144.
D.$33,004.