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  3. assume that flint paper co. has several minor laws

Assume that Flint Paper Co. has several minor lawsuits outstanding. To determine the amount of...

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Accounting

image Assume that Flint Paper Co. has several minor lawsuits outstanding. To determine the amount of liability to recognize on the statement of financial position, Flint decides to use expected cash flow techniques. Based on discussions with their lawyers, Flint has developed the following cash flow estimates, and related probabilities: Based on these estimates, and assuming a risk-free rate of 5%, what is the present value of expected cash flows that Flint should record on its statement of financial position at the end of 2022? (Round answer to 2 decimal places, e.g. 52.75. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view Table A.2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF A SINGLE SUM) Present value of expected cash flows at the end of 2022 $

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