View Policies Current Attempt in Progress Marin Enterprises is using a discounted cash flow model. Identify which model Marin might use to estimate the discounted fair value under each scenario, and calculate the fair value using the present value tables: Scenario 1: Cash flows are fairly certain $110/year for 5 years Risk-adjusted discount rate is 5% Risk-free discount rate is 4% Scenario 2: Cash flows are uncertain 75% probability that cash flows will be $110 in 5 years 25% probability that cash flows will be $110 in 5 years Risk-adjusted discount rate is 5% Risk-free discount rate is 4% (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, eg. 5.275.25.) Click here to view the factor table PRESENT VALUE OF 1