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


?Wally, president of? Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 8 ?end-of-year payments starting one year from now. The first two payments would be ?$25,000 and $24,000 in one and two years? respectively, and then ?$19,000 per year after that for 6 years. If Wally requires a return of 8.4%?, 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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Financial Management: What is the present value of this stream of cash flows what
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