Hinkle inc expects the first three years of a proposed, Ask an Expert

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Hinkle Inc. expects the first three years of a proposed project would have cash flows of $320,000 a year. If Hinkle uses a discount rate of 13%, about what is the present value of the expected yearly cash flows?

a. $960,000

b. $755,568.83

c. - $960,000

d. $637,859

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417520

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