If the appropriate discount rate is 127 percent per year


You have been offered the opportunity to invest in a project that will pay $2,128 per year at the end of years one through three and $10,886 per year at the end of years four and five. If the appropriate discount rate is 12.7 percent per year, what is the present value of this cash flow pattern?

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Financial Management: If the appropriate discount rate is 127 percent per year
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