A special investment project will require 5 years of planning and implementation, but will allow your firm to receive $350,000 at the end of years 6, 7, 8,9, and 10. If the appropriate discount rate is 9%, what is the present value of those cash flows?

Answer rating: 100% (QA)

To calculate the present value of future cash flows we need to discount each cash flow back to its p... View the full answer