Find present value of given future cash flow
A company anticipates a taxable cash expense of $70,000 in year 2 of a project. The company"s tax rate is 30% and its discount rate is 10%. The present value of this future cash flow is closest to:
A) $(40,496)
B) $(17,355)
C) $(21,000)
D) $(49,000)
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A company anticipates a taxable cash expense of $70,000 in year 2 of a project. The company"s tax rate is 30% and its discount rate is 10%. The present value of this future cash flow is closest to.
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