What Is the Present Value of the Following Cash Flow

question 135

Multiple Choice

What is the present value of the following cash flow stream at a rate of 15.0%? $$\begin{array} { l c c c c c } \text { Years: } & 0 & 1 & 2 & 3 & 4 \\\hline \text { CFs: } & \$ 0 & \$ 1,500 & \$ 3,000 & \$ 4,500 & \$ 6,000\end{array}$$
?

• A) $10,859
• B) $10,261
• C) $12,453
• D) $9,962
• E) $12,154

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