Your client has been offered the opportunity to invest in a project that will pay $3,666 per year at the end of years on
Posted: Wed Jul 06, 2022 6:44 pm
Your client has been offered the opportunity to invest in aproject that will pay $3,666 per year at the end of years onethrough three and $12,825 per year at the end of years four andfive. If the appropriate after-tax rate of return is 9.4 percentper year, what is the present value of this cash flow pattern?
Round the answer to two decimal places.
Round the answer to two decimal places.