1. You have just received notification that you have won the $2 million first prize in the Monarch Lottery. However, the prize will be awarded on your 55th birthday, 34 years from now. The appropriate discount rate is 8% What is the present value of your winnings?

 A project has an initial cost of $15,400 and produces cash inflows of $7,200, $8,900, and $7,500 over three years, respectively. What is the discounted payback period if the required rate of return is 12 percent? 

Answer rating: 100% (QA)

To find the present value of the lottery winnings well discount the 2 million prize back to the pres... View the full answer