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Assume that your required rate of return is 12 percent and you are given the following stream of cash flows:

Year Cash Flow 0 $10,000

1 $15,000

2 $15,000

3 $15,000

4 $15,000

5 $20,000

If payments are made at the end of each period, what is the present value of the cash flow stream?

A. $66,909

B. $57,323

C. $61,815

D. $52,345

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91616083

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