Multiple Choice
You are thinking of buying a miniature golf course. It is expected to generate cash flows of $40,000 per year in years one through four and $50,000 per year in years five through eight. If the appropriate discount rate is 10%, what is the present value of these cash flows?
A) $285,288
B) $167,943
C) $235,048
D) $828,230
Correct Answer:
Verified
Correct Answer:
Verified
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