what is the present value of this investment?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5PA: Falkland, Inc., is considering the purchase of a patent that has a cost of $50,000 and an estimated...
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Shaye Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $21k each yr for the next 5 yrs. If the company uses a discount rate of 17% on its investments, what is the present value of this investment?

Present Value of Investment $________

(Round factor values 4 decimal places & final answer 2 decimal palces)

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