A proposed investment will provide cash flows of $20,000, $6,000 and $6,000 at the end...
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Accounting
A proposed investment will provide cash flows of $20,000, $6,000 and $6,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 14%, determine the present value of these cash flows for Year 1, Year 2 and Year 3. Hint: Use the "NPV" formula in excel.
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