Question: Sample Test Problem 6.01 Ivanhoe Inc., management is expecting a new project to start paying off, beginning at the end of next year. Cash flows

Sample Test Problem 6.01 Ivanhoe Inc., management is expecting a new project to start paying off, beginning at the end of next year. Cash flows are expected to be as follows: 0 1 2 3 $445,676 $469,452 $484,455 $473,326 $542,444 If Ivanhoe can reinvest these cash flows to earn a return of 8.0 percent, what is the future value of this cash flow stream at the end of 5 years? What is its present value? (Round answers to 2 decimal places, e.g. 52.75.) Future value Present value $
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