Question: Chandler Corp. is expecting a new project to start producing cash flows, beginning at the end of this year. They expect cash flows to be
Chandler Corp. is expecting a new project to start producing cash flows, beginning at the end of this year. They expect cash flows to be as follows:
- End of year 1: $643,547
- End of year 2: $678,214
- End of year 3: $775,908
- End of year 4: $778,326
- End of year 5: $735,444
If they can reinvest these cash flows to earn a return of 8.2 percent, what is the future value of this cash flow stream at the end of five years? (Round to the nearest dollar.)
$3,889256
$4,227,118
$5,214,690
$4,809,112
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