You invest in a project that generates a cashflow of $299 in 5 years from today and then make annual cashflows that are expected to grow forever at a constant rate of 1.1%. If the discount rate is 6.4%, then what is its value today (Round to the hundredth).

Answer rating: 100% (QA)

To calculate the present value of the cash flows from the project we can use the formula for ... View the full answer