You are thinking of buying a miniature golf course to operate. It is expected to generate cash flows of $40,000 per year in years one through four and $50,000 per year in years five through eight. If the appropriate discount rate is 10%, what is the present value of these cash flows?

Answer rating: 100% (QA)

Discounted cashflow Cashflow 1 r t where r 10 and t is th... View the full answer