Assume that your required rate of return is 12% and you are given the following stream of cash flows:
Year Cash Flow
0 $10,000
1 $15,000
2 $15,000
3 $15,000
4 $15,000
5 $20,000
If payments are made at the end of each period, what is the
present value of the cash flow stream? (Round to the nearest whole dollar)
A) $66,909
B) $57,323
C) $61,815
D) $52,345
E) $62,029
A
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