Consider the Following Items of Information

Multiple Choice

Consider the following items of information:
I. The target recovery period.
II. The discount rate.
III. The timing (i.e., year) of a cash flow.
Which of the above items would be needed to calculate the present value of a cash flow?

A) I only.
B) II only.
C) I and II.
D) II and III.
E) I, II, and III.