Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a...
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Accounting
Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year. If you require a 14 percent rate of return, what is the present value of these cash flows?
Select one:
a. 11,714
b. 16,734
c. 21,452
d. 19,777
e. 13,890
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