Determine how much this prospect is worth today if the required rate of return is 15 percent

Exercise 9-6 * Your answer is incorrect. Try again. Suppose you face the prospect of receiving $1,200 per year for the next 7 years plus an extra $950 payment at the end of 7 years. Click here to view factor tables Determine how much this prospect is worth today if the required rate of return is 15 percent. ( Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 2 decimal places, e.g. 125.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.12 or parentheses e.g. (45.12).) Present value 5818 LINK TO TEXT f 3 used