5. An investment promises the following cash flow stream: -$1,000 now; $2,450 at the end...
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5. An investment promises the following cash flow stream: -$1,000 now; $2,450 at the end of Year 1; $3,175 at the end of Year 2; No cash flows in Year 3; and $4,400 at the end of Year 4. The project has the quoted interest rate is 8%, compounded semiannually. What is the present value of the cash flow stream (Year 0 to Year 4)? a. $6651 b. $7194 c. $7225 d. $7483 e. $9025 Moo
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