Determine the present value in year 0 of the cash flows in the table below....
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Accounting
Determine the present value in year 0 of the cash flows in the table below. The periodic interest rate is 10.9% compounded yearly. The cash flows are made at the end of each year.
Factors should be rounded to at least four decimal places for accuracy.
| Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
| Purchase Price | 185910 | ||||||
| Fuel | 4351 | 4351 | 4351 | 4351 | 4351 | 4351 | 4351 |
| Tires | 4825 | 4825 | 4825 | ||||
| Salvage Value | 68311 |
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