Correct Answer:

$$940,346$

Jennifer

So that is the present$-$day value of

expected cash flow $3$ years from now?

Nick Morales

Yes, Monster expects a $11\mathrm{.}4\%$ annual

return on their investments, so we must

discount the future cash flows by $11\mathrm{.}4\%$ for

every year in the future they occur.

What is the present value of all future cash

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