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Frontier Landscaping owns some equipment that is used in their operations. Management estimates that the...

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Accounting

Frontier Landscaping owns some equipment that is used in their operations. Management estimates that the equipment will last another three years and will generate the following future cash flows at the end of each year.

 

Year 1 Year 2 Year 3
$4,000 $6,000 $7,000



Calculate the present value of each of these future cash flows given a 4% discount rate.

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