Arizona State University FIN FIN 40628 Please show your work Problem 1 Consider the following timeline…
Problem 1
Consider the following timeline detailing a stream of cash flows:
CF0: ?
CF1: 5000
CF2: 6000
CF3: 7000
CF4: 8000
If the current market rate of interest is 8%, then the present value of this stream of cash flows is closest to:
A) $22,871.
B) $21,211.
C) $24,074.
D) $26,000.
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