What is the present value of this stream of cash, Macroeconomics

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What is the present value of this stream of cash

Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 16 end-of-year payments starting one year from now. The first two payments would be $25.000 and $23.000 in one and two years respectively, and then $20.000 per year after that for 14 years. If Wally requires a return of 9.4%, what is the present value of this stream of cash flows?

What is the present value of this stream of cash flows?

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Macroeconomics: What is the present value of this stream of cash

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