$27,300.00

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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What amount of cash must be invested today in order to have $30,000 at the end of one year assuming the rate of return is 9%? 
A) $22,727.28
B) $27,000.00
C) $27,522.94
D) $27,300.00

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