The present value of the following cash flow stream is $5,800 when discounted at 8 percent annually.

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The present value of the following cash flow stream is $5,800 when discounted at 8 percent annually. What is the value of the missing cash flow?

YEAR..........................................CASH FLOW
1........................................................$1,300
2..................................................................?
3..........................................................1,900
4..........................................................2,450

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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