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Fox Co. has identified an investment project with the following cash flows. Year 1 Cash Flow $1,330 1,300 1,610 1,970 3 4 a. If the discount rate is 12 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 15 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 21 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Present value at 12 percent b. Present value at 15 percent c. Present value at 21 percent

Fox Co. has identified an investment project with the following cash flows. Year 1 Cash Flow $1,330 1,300 1,610 1,970 3 4 a. If the discount rate is 12 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 15 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 21 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Present value at 12 percent b. Present value at 15 percent c. Present value at 21 percent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q. 1

a. Present value at 12 percent?

b. Present value at 15 percent?

c. Present value at 21 percent?

Fox Co. has identified an investment project with the following cash flows. Year Cash Flow $1,330 1,300 1,610 1,970 1 2 4 a. If the discount rate is 12 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 15 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 21 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Present value at 12 percent b. Present value at 15 percent c. Present value at 21 percent
Transcribed Image Text:Fox Co. has identified an investment project with the following cash flows. Year Cash Flow $1,330 1,300 1,610 1,970 1 2 4 a. If the discount rate is 12 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 15 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 21 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Present value at 12 percent b. Present value at 15 percent c. Present value at 21 percent
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